Mexican Peso At 10-day High Versus U.S. Dollar On U.S.-Mexico Trade Deal
June 09 2019 - 10:51PM
RTTF2
The Mexican Peso firmed against the U.S. dollar in the Asian
session on Monday, as the U.S. and Mexico have reached a migration
deal to avert the implementation of President Donald Trump's
threatened tariffs set to begin today.
The Peso climbed to a 10-day high of 19.14 against the
greenback, up by 2.4 percent from last week's closing value of
19.62. If the Peso rises further, 18.00 is possibly seen as its
next resistance level.
Trump announced on Friday that the U.S. tariffs scheduled to be
implemented against Mexico on Monday will be halted as Mexico
agreed to enhance immigration enforcement.
Mexico "has agreed to take strong measures to stem the tide of
migration through Mexico, and to our southern border. This is being
done to greatly reduce, or eliminate, illegal immigration coming
from Mexico and into the United States," Trump said.
US Dollar vs MXN (FX:USDMXN)
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