Tag: Banxico
USDMXN Set to Hit the 17.00 Round Number
USDMXN has been trading lower since its peak in April 2020. This pair is important due to its correlation with the USDindex and its...
Peso weakens after Banxico maintains interest rates
The Bank of Mexico chose to keep its highest benchmark policy rate at 11.25%, as expected, at its November 2023 meeting. This decision, the...
USDMXN moves to the bottom of the range on weaker Dollar
The US Dollar fell again on Thursday against the Mexican Peso to breach the 20 level again. The chart shows that the 19.7241 level...
Why is the Mexican Peso So Strong?
Mexico's seasonally adjusted manufacturing confidence index fell to 52.2 in March 2022 from a downwardly revised 52.4 in the previous month, its lowest in...
ZAR & MXN tank on war worries
The South African Rand against the US Dollar was still trading above 15,0000. The strengthening of the Rand has been going on since November...
