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Mexican Peso sinks as US-Mexico trade talks stall

Currencies16 October in 04:12

The Mexican Peso (MXN) losses ground against the Greenback on Friday amid broader US Dollar (USD) weakness, as Mexico’s economic docket is absent, leaving traders leaning into US dynamics. At the time of writing, USD/MXN trades at 18.49, up 0.47%, on track for the sixth consecutive weekly gain.

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Mexican Peso sinks as US-Mexico trade talks stall
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The Mexican Peso (MXN) losses ground against the Greenback on Friday amid broader US Dollar (USD) weakness, as Mexico’s economic docket is absent, leaving traders leaning into US dynamics.

At the time of writing, USD/MXN trades at 18.49, up 0.47%, on track for the sixth consecutive weekly gain.

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Omar Al-Haddad
Omar Al-Haddad — expert gold analyst — ACIX

Quoted from FXStreet — Source. Summary and image from the publisher; market dashboard and recommendations from ACIX.

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