MXN news & headlines
Latest breaking stories, features and analysis
- The USD/MXN pair has been under intense pressure recently as remittances to Mexico rise.
- The pair has also been falling because of the strong economic data from Mexico.
- The overall weaker US dollar and the upcoming election has also contributed to the stronger peso.
Features & analysis
Can USD/MXN Hit Multi-Year Lows This Year?
Following the U.S. Senate’s approval of the United States-Mexico-Canada Agreement (USMCA) trade deal, Mexico export companies expect a record year. As a result, USD/MXN printed a fresh 1-year low $18.65. Fundamental analysis: USMCA to boost economy Auto part manufacturers are expecting regional input to increase substantially although the new rules targeting car makers are stricter than before. “It’s good news because this...