Closing Friday's trading session, USD/MXN traded at 21.49, down -1.39% on the day, having posted a daily high at 21.83 and low at 21.47. Goldman Sachs' Mexican peso view Bloomberg reports, "Against the most 'Trumpian' of odds, Goldman Sachs Group Inc. is defying bearish bets and predicting Mexico’s peso will make a comeback this year. The worst performer among the world’s 16 major currencies so far in 2017 will rally 13 percent to 19 per dollar over the next 12 months on the view that the protectionist impact of the new U.S. administration will be less severe than the rhetoric of President-elect Donald Trump. The currency touched a record low of 22.04 per dollar this week after he reiterated during a press conference that Mexico would be paying for a border wall and that companies that relocate operations there would have to pay a border tax." USD/MXN Technical Levels To the upside, the peso says goodbye for now to important resistance levels: 21.58/60 zone (previous triple top resistance; Jan. 2016), then 21.80/85 (Right Shoulder from a technical Head and Shoulders pattern). To the downside, if prices close and open below its 50 SMA (blue color) would open doors for a fallen angel (non-stop correction) towards a previous congestion zone and support; 21.18/20. At this point, the worst-case is similar consolidation phase and continuation reverting to the mean all the way to 20.60 and lower. usdmxn Is the Trump trade running on borrowed time?
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Mexican Peso Forex Price Closed Higher Friday August 4

Mexican Peso  | Data | Chart | Calendar | Forecast | News

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source: tradingeconomics.com
Mexican Peso Forex Price Closed  USDMXN increased 0.0440 or 0.25% to 17.8840 on Friday August 4 from 17.8400 in the previous trading session. Historically, the Mexican Peso reached an all time high of 21.92 in January of 2017 and a record low of 0.01 in May of 1972.



Mexican Peso Forex Price Closed 

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Mexican Peso

The USDMXN spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the MXN. While the USDMXN spot exchange rate is quoted and exchanged in the same day, the USDMXN forward rate is quoted today but for delivery and payment on a specific future date. This page provides – Mexican Peso – actual values, historical data, forecast, chart, statistics, economic calendar and news. Mexican Peso – actual data, historical chart and calendar of releases – was last updated on August of 2017.

 

Actual Previous Highest Lowest Dates Unit Frequency
17.88 17.86 21.92 0.01 1972 – 2017 Daily

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Richard Dambrosi (JADTECNIC) Has Been Sharing FOREX INVESTORS ANALYSIS FORECAST since 2011. Editors and Founder of InvestorsBuz.com, has a passion for Forex Social Sharing analysis and Market Trends Such as Self Driving Cars, Electric Cars, Medical Marijuana, 3d printing and Cloud computing, Refers to Readers as BUZ INVESTORS.

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