MXN/USD (MXNUSD=X)
| Previous close | 0.0599 |
| Open | 0.0599 |
| Bid | 0.0594 |
| Day's range | 0.0592 - 0.0599 |
| 52-week range | 0.0542 - 0.0615 |
| Ask | 0.0594 |
- Reuters
UPDATE 1-Speculators reduce bearish US dollar bets in latest week -CFTC, LSEG data
U.S. dollar net shorts last week hit their largest since August. U.S. dollar positioning was derived from net contracts of International Monetary Market speculators in the Japanese yen, euro, British pound, Swiss franc, Canadian, Australian and New Zealand dollars, Mexican peso, Brazilian real and Russian rouble.
FX EmpireGeopolitic Tensions Are Likely To Increase In 2024. What Should Investors Be Careful Of?
Following widespread surges in global stock markets throughout 2023, reaching record highs in some countries, the year 2024 is anticipated to be historically significant due to a multitude of elections.
- Reuters
UPDATE 2-Mexico's mighty peso posted biggest gains in over 30 years in 2023
The Mexican peso closed on Friday to end its strongest year against the U.S. dollar in more than three decades, although analysts warned its gains could slow in 2024 as the central bank is expected to lower record-high borrowing costs. The currency, which President Andres Manuel Lopez Obrador and others call the "super peso," closed at 16.95 units to the dollar with an cumulative gain of almost 13% in 2023, its strongest annual performance since 1989, when data is first available on LSEG. "The peso's appreciation this year was something unusual, something that no one could have predicted," Jonathan Heath, deputy governor at the Bank of Mexico, wrote on social media on Friday.
