INSUBCONTINENT EXCLUSIVE:
This represents a 0.35% depreciation overnight as markets digest the latest US economic data and renewed discussions about tariffs.The peso
This marked the third consecutive session of peso appreciation, continuing the trend that began last week when the USD/MXN pair broke below
about potential new tariffs on Mexican exports
Additionally, stronger US retail sales data released after market close yesterday has strengthened the dollar against most emerging market
(Photo Internet reproduction)Trading volumes during the Asian session were approximately 32% higher than the weekly average, indicating
continued commitment to imposing a 25% tariff on steel and aluminum imports remains a significant pressure point for the peso
If implemented on schedule, these tariffs would result in Mexican producers facing nearly 50% cumulative tariffs when exporting to the US
well-established lateral range, though now testing the lower boundaries of this channel
The key technical levels to watch are:Resistance: 20.11 (previous support now resistance)Immediate resistance: 20.05 (50-day moving
The MACD histogram remains below the signal line, suggesting continued peso strength in the short term, though the convergence is
narrowing.Capital FlowsETF flows data indicates a modest $87.3 million inflow into Mexico-focused funds over the past week, representing the
second consecutive week of positive flows after three weeks of outflows in February
The currency has shown remarkable resilience in 2025, appreciating from levels above 21.18 in early February to the current 19.96,
monitoring statements from both US and Mexican officials regarding ongoing trade negotiations
thinking on interest rates.ConclusionThe Mexican peso faces a pivotal session today as it consolidates near the 20.00 psychological level
While fundamental factors like high interest rates provide support, trade tensions and dollar strength present significant headwinds
Market participants remain on alert for any official announcements that could trigger a breakout from the current trading range.
