The US Dollar to Mexican Peso exchange rate is influenced by Federal Reserve and Bank of Mexico policy, together with changes in the interest-rate gap between the two currencies. US interest-rate expectations, US inflation and labour-market data can affect the US Dollar, while Mexican interest-rate expectations, Mexican inflation and US growth and trade policy can move the Mexican Peso.
USD/MXN is holding at 17.2192, little changed today. The pair has climbed 1.35% over the past week and has gained 1.6% over the past month.
Continuing Jobless Claims came in at 1730 K, below expectations of 1780 K.
Next up are US Fed Goolsbee speech on Monday at 11:30 UK time and US chicago Fed National Activity Index on Monday at 13:30 UK time, which could set the direction for USD/MXN.
Mid-market reference rate. Customer rates normally include provider margins and fees. How our rates work.
