The Mexican Peso (MXN) edges lower in its most-traded pairs on the day named after the Norse god of thunder, extending the over-one-percent decline clocked up on Wednesday.
The Mexican Peso weakens after the Mexican lower house votes through a set of controversial reforms. Investors are concerned about the negative impact of the reforms on the economy. USD/MXN restarts its uptrend after a pause and breaks above 20.00. The Mexican Peso edges lower in its most-traded pairs on the day named after the Norse god of thunder, extending the over-one-percent decline clocked up on Wednesday.
96 high of the mini-range, making a higher high at 19.98 – on Thursday it breaks above that and touches 20.00. USD/MXN Daily Chart This supplies further confirmation of a continuation of the bull trend, with the next target at the upper channel line in the 20.60s. Mexican Peso FAQs What key factors drive the Mexican Peso? The Mexican Peso is the most traded currency among its Latin American peers.
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