

others
Mexican Peso surges past key level amid firm US Dollar – Crypto News
- Mexican Peso rallies as USD/MXN drops below 18.00 and hits lowest level since June 25.
- June’s CPI report, Consumer Confidence, and Industrial Production to shape Mexico’s economic outlook.
- Banxico minutes likely to signal patience on rate cuts amid steady inflation expectations.
The Mexican Peso rallied sharply against the US Dollar as the USD/MXN fell below the 18.00 psychological figure on Monday, a level last seen on June 25. This signaled that Peso’s buyers remain committed to the so-called “carry trade,” which underpins the Mexican currency. Therefore, the exotic pair exchanged hands at 17.99, down 0.45%.
Mexico’s economic docket will interest traders. The focus is June’s Consumer Price Index (CPI) report, which will be released on July 9. Further data, like Consumer Confidence and Industrial Production, will be released, which will dictate the economic trend and set it to slow down, according to analysts.
On Thursday, the Bank of Mexico (Banxico) will reveal the latest meeting monetary policy minutes, which are expected to show that the central bank will remain patient regarding cutting borrowing costs.
Across the border, the New York Federal Reserve revealed that consumer inflation expectations were lowered from 3.2% to 3% for one year. Besides that, market players will be focused on Federal Reserve (Fed) Chair Jerome Powell’s speech at the US Congress on Tuesday and Wednesday and the release of June’s inflation figures.
Last week’s US jobs data sparked speculation that the Fed might ease policy in September, according to the CME FedWatch Tool data. Odds for a September cut stand at 73%, up from 71% last Friday.
Daily digest market movers: Mexican Peso rises further despite firm US Dollar
- Banxico’s survey showed that economists estimate the Gross Domestic Product (GDP) will end the year at 2%, down from 2.1%. They expect Banxico to cut rates from 11.00% to 10.25%, up from 10.00% projected in May.
- Some analysts in Mexico estimate the economy might slow down but dodge a recession, according to the National Statistics Agency (INEGI) Coincident Indicator. Despite that, they said reforms pushed by President Andres Manuel Lopez Obrador (AMLO), particularly the judiciary reform, could affect the country’s creditworthiness.
- Mexico’s CPI is expected to rise from 4.69% YoY to 4.84% in June, while core CPI is estimated to dip from 4.21% to 4.15% annually.
- US CPI is foreseen to drop from 3.3% to 3.1% in the 12 months to June, while underlying inflation is projected to stay firm at 3.4% YoY.
- US Dollar Index (DXY), which tracks the value of a basket of six currencies against the American Dollar, stays firm at 104.94, up 0.06%.
Technical analysis: Mexican Peso stays near weekly highs as USD/MXN hovers around 18.00
The USD/MXN reached a nine-day low of 17.97, though some bids below the 18.00 figure lifted the pair above the latter. The Greenback remains soft against the Peso. The momentum has shifted in the sellers’ favor, with the Relative Strength Index (RSI) about to drop below the 50-neutral line.
If USD/MXN achieves a daily close below 18.00, the next support would be the June 24 swing low of 17.87. Further losses lie underneath at the 50-day Simple Moving Average (SMA) at 17.56, followed by the 200-day SMA at 17.26. The next floor level would be the 100-day SMA at 17.17.
For a bullish resumption, the USD/MXN must surpass 18.10, followed by a rally above the June 28 high of 18.59, so buyers can challenge the YTD high at 18.99. Conversely, sellers will need a drop below 18.00, which could extend the pair’s decline toward the December 5 high, which turned support at 17.56, followed by the 50-day Simple Moving Average (SMA) at 17.37.
Mexican Peso FAQs
The Mexican Peso (MXN) is the most traded currency among its Latin American peers. Its value is broadly determined by the performance of the Mexican economy, the country’s central bank’s policy, the amount of foreign investment in the country and even the levels of remittances sent by Mexicans who live abroad, particularly in the United States. Geopolitical trends can also move MXN: for example, the process of nearshoring – or the decision by some firms to relocate manufacturing capacity and supply chains closer to their home countries – is also seen as a catalyst for the Mexican currency as the country is considered a key manufacturing hub in the American continent. Another catalyst for MXN is Oil prices as Mexico is a key exporter of the commodity.
The main objective of Mexico’s central bank, also known as Banxico, is to maintain inflation at low and stable levels (at or close to its target of 3%, the midpoint in a tolerance band of between 2% and 4%). To this end, the bank sets an appropriate level of interest rates. When inflation is too high, Banxico will attempt to tame it by raising interest rates, making it more expensive for households and businesses to borrow money, thus cooling demand and the overall economy. Higher interest rates are generally positive for the Mexican Peso (MXN) as they lead to higher yields, making the country a more attractive place for investors. On the contrary, lower interest rates tend to weaken MXN.
Macroeconomic 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.
As an emerging-market currency, the Mexican Peso (MXN) tends to strive during risk-on periods, or when investors perceive that broader market risks are low and thus are eager to engage with investments that carry a higher risk. Conversely, MXN tends to weaken at times of market turbulence or economic uncertainty as investors tend to sell higher-risk assets and flee to the more-stable safe havens.
-
Blockchain1 week ago
Institutional Demand Surges As Ethereum Sets New Inflow Records – Crypto News
-
Blockchain1 week ago
DeFi Development Nears 1 Million Solana In Treasury – Crypto News
-
others1 week ago
Ex‑FSL Leader Launches TrendsDotFun to Tokenize Social Media Posts – Crypto News
-
Technology1 week ago
Bitwise Crypto Index Fund Holding BTC, ETH, XRP To Convert Into ETF – Crypto News
-
Blockchain1 week ago
Strategy to keep STRC Fund Pegged to $100 – Crypto News
-
Technology1 week ago
Grab up to 43% off on best selling premium laptops from Apple, Asus and more – Crypto News
-
Blockchain1 week ago
To The Moon? Justin Sun To Be Launched Into Space After $28M Bid – Crypto News
-
Cryptocurrency6 days ago
ETH to Lead BTC Over Next 6 Months, Says Galaxy CEO – Crypto News
-
others1 week ago
EUR/CHF rises on speculation of SNB intervention, but EU–US trade risks cap gains – Crypto News
-
Cryptocurrency1 week ago
Solana Clinches 5-Month High, Where to From Here? – Crypto News
-
De-fi1 week ago
Galaxy Digital Claims Futarchy Model Can Give DAOs ‘Stronger Chance of Success’ – Crypto News
-
Blockchain1 week ago
Crypto Needs Minimum Viable Decentralization – Crypto News
-
Technology5 days ago
Why is Shiba Inu Price Up Today? – Crypto News
-
others1 week ago
Venture Capital Firms Launch $360,000,000 Crypto Treasury Company Focused on Arthur Hayes-Backed Ethena (ENA) – Crypto News
-
others1 week ago
Gold extends gains as trade uncertainty weighs on the US Dollar – Crypto News
-
Cryptocurrency1 week ago
Ethereum Shatters Inflow Records, Pulls in $2.12 Billion in a Week – Crypto News
-
Technology1 week ago
BitOrigin Begins $500M Dogecoin Treasury With 40.5M Buy, Analysts Predict Fresh Bull Cycle – Crypto News
-
Blockchain1 week ago
XRP Could Skyrocket 500% Against Bitcoin, Analyst Warns – Crypto News
-
Technology1 week ago
Alibaba launches its ‘most advanced’ open-source AI model Qwen3-Coder — All you need to know – Crypto News
-
others5 days ago
Arthur Hayes-Backed Altcoin Outpaces Crypto Market Amid Launch of New Partnership With Anchorage Digital – Crypto News
-
Technology4 days ago
Best 5G phones under ₹10,000 in July 2025: Infinix Hot 60, Samsung M06 and more – Crypto News
-
Cryptocurrency1 week ago
Ethereum price rises towards $3,900 as it mirrors a historic stock market rally – Crypto News
-
Blockchain1 week ago
Bitcoin Reserves On Exchanges Hit Highest Level Since June 25 – Crypto News
-
Technology1 week ago
Breaking: $549 Billion PNC Bank Partners Coinbase to Offer Crypto Services – Crypto News
-
Cryptocurrency1 week ago
Massive Polkadot (DOT) Rally Ahead? Here’s What’s Driving It – Crypto News
-
Blockchain4 days ago
Tether Gold (XAUt) Market Cap Soars as Gold Hits Record Highs in 2025 – Crypto News
-
Business1 week ago
Ethereum Is Not A Security, SEC Chair Paul Atkins Confirms – Crypto News
-
Technology1 week ago
Galaxy Watch 8 and Watch 8 Classic go on sale in India: Check price, variants and offers – Crypto News
-
others1 week ago
US Dollar under pressure amid tariff risks, Fed uncertainty – Crypto News
-
others1 week ago
US Dollar Index (DXY) consolidates losses below 97.50 amid renewed tariff concerns – Crypto News
-
Cryptocurrency6 days ago
Scaling the Future: Bitcoin.ℏ’s 10,000 TPS Advantage with Hedera Hashgraph – Crypto News
-
Cryptocurrency6 days ago
ETH to Lead BTC Over Next 6 Months, Says Galaxy CEO – Crypto News
-
others5 days ago
US Dollar finds support amid Fed uncertainty and tariff talks – Crypto News
-
Technology5 days ago
‘Screwed up’: Sam Altman warns against using ChatGPT as your lawyer or therapist – Crypto News
-
others4 days ago
Japan CFTC JPY NC Net Positions rose from previous ¥103.6K to ¥106.6K – Crypto News
-
Technology1 week ago
Coinbase Launches CFTC-Regulated Perpetual Futures in the U.S. – Crypto News
-
others1 week ago
Peter Schiff Advises Selling Ethereum for Bitcoin as ETH Hits Six-Month High – Crypto News
-
Business1 week ago
Breaking: Strategy Announces $500 Million STRC IPO To Buy More Bitcoin – Crypto News
-
Technology1 week ago
Jerome Powell Criminally Referred To DOJ Amid Push For Fed Rate Cut – Crypto News
-
Cryptocurrency1 week ago
Should token holders demand all the revenue? – Crypto News
-
De-fi1 week ago
DRIFT Surges 30% after Protocol Sees Record Perp Volumes over $1B – Crypto News
-
Cryptocurrency1 week ago
Ethereum price forecast as ETH dominance jumps to 11.5% – Crypto News
-
De-fi1 week ago
Crypto Markets Wobble as Fed Chair Powell Faces Pressure – Crypto News
-
De-fi1 week ago
Crypto Markets Wobble as Fed Chair Powell Faces Pressure – Crypto News
-
Business1 week ago
Why is PENGU Price up today? – Crypto News
-
Cryptocurrency6 days ago
Friday charts: Crazy train investing – Crypto News
-
Business5 days ago
Buy DexScreener Reactions – Boost Legends: Guide + $5 Bonus – Crypto News
-
Technology4 days ago
Who is Shengjia Zhao? ChatGPT co-creator named Chief Scientist at Meta’s Superintelligence Labs – Crypto News
-
Cryptocurrency3 days ago
Bitcoin and Ethereum ETFs Pull in Record-High $11.2 Billion in July – Crypto News
-
De-fi1 week ago
Polymarket Strikes $112 Million Deal to Return to the United States – Crypto News