The USD/MXN has recovered after hitting a five-day low of 20.39 as Trump paused tariffs on Mexico. During the North American session, the exchange rate climbed above the 50-day Simple Moving Average ...
The Mexican peso strengthened against the U.S. dollar after President Trump agreed to delay tariffs on Mexico by a month. The Canadian dollar also rebounded from session lows.
There was a defensive rally in the dollar, and it was the commodity currencies -- the Australian and New Zealand dollars -- that were hit hard, as well as the Mexican peso and Canadian dollar. The ...