USD/MXN makes a comeback as US Dollar recovers vs. the Mexican Peso – by christianborjon USDMXN Currencies EmergingMarkets
mpulse keeps Wall Street in the red. Solid data from the United States cushioned the last week’s USD/MXN fall. At the same time, speculations that the Mexican central bank will pause its tightening cycle could trigger outflows from the emerging market currency. At the time of writing, the USD/MXN is trading at 17.8354.The US Dollar has shown signs of recovery against the Mexican Peso .
On the Mexican front, the agenda is empty for Monday. Still, on Tuesday, inflation figures would give USD/MXN traders some clues regarding the Bank of Mexico’s path toward its May 18 monetary policy meeting.Once the USD/MXN found its floor around 17.7405, hitting six-year lows, the USD/MXN jumped off the year-to-date low toward the 17.80 area.
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