انتشار: دی 02، 1402
بروزرسانی: 28 خرداد 1404

Mexican Peso taps multi-month high in faltering broad-market Greenback selloff

Daily candlesticks show the USD/MXN accelerating into multi-month lows as the pair drops through 17.00. Meanwhile, the 50-day and 200-day SMAs are set for a bearish crossover, which will chalk in a heavy technical resistance zone to cap off any bullish recoveries heading into 2024.

USD/MXN Hourly Chart

منبع: https://www.fxstreet.com/news/mexican-peso-touches-multi-month-high-in-pre-holiday-rally-202312221537Macroeconomic data releases are key to assess the state of the economy and can have an impact on the Mexican Peso (MXN) valuation. A strong Mexican economy, based on high economic growth, low unemployment and high confidence is good for MXN. Not only does it attract more foreign investment but it may encourage the Bank of Mexico (Banxico) to increase interest rates, particularly if this strength comes together with elevated inflation. However, if economic data is weak, MXN is likely to depreciate.