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14 Jan 2015
USD/MXN drops for fresh 3-week low
FXStreet (Córdoba) - The mexican peso rose to the highest price in almost a month again the US dollar and is among the best performers on Wednesday among Latin American currencies.
The USD/MXN is falling 0.35% despite risk aversion. Stocks dropped in Europe and were falling in Wall Street. The Dow Jones was losing 1.69% and the S&P 500 was down 1.35% while in Mexico the IPC was losing 0.54%.
USD/MXN from extreme to extreme
During the European session USD/MXN climbed to 14.705 hitting the highest price since January 9 but then turned to the downside and fell to 14.528, a level last seen December 19.
Afterwards bounced to the upside, moving away from the lows and it was trading around 14.562, headed toward the lowest close in three weeks.
The USD/MXN is falling 0.35% despite risk aversion. Stocks dropped in Europe and were falling in Wall Street. The Dow Jones was losing 1.69% and the S&P 500 was down 1.35% while in Mexico the IPC was losing 0.54%.
USD/MXN from extreme to extreme
During the European session USD/MXN climbed to 14.705 hitting the highest price since January 9 but then turned to the downside and fell to 14.528, a level last seen December 19.
Afterwards bounced to the upside, moving away from the lows and it was trading around 14.562, headed toward the lowest close in three weeks.