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.
Relatively high interest rates, close proximity to the U.S., and vast petroleum reserves are all factors that contribute to the liquidity of the Mexican peso.