USD/MXN Update: The Mexican Peso Faces the 19.50 Barrier as the U.S. Dollar Strengthens

  • Several sessions have passed since the Mexican peso's bullish momentum pushed the USD/MXN pair below the key 20 pesos per dollar level. Since breaking that threshold, the pair has dropped nearly 2.5%, but neutrality has recently set in, consolidating around the 19.50 level.