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USD/MXN hits lowest since September 2018 below 18.70

1 month ago   |   By FXCM

Mexican peso among top performers of the week.
USD/MXN heads for lowest weekly close since July 2018.
The USD/MXN finally broke below the 18.74 level and it bottomed at 18.68, the new 15-month low. Near the end of the week, it is trading at 18.69, holding a strong bearish tone, in line with the dominant trend.
The Mexican peso is posting modest gains on Friday but enough to become one of the best emerging market currencies of the week. The improvement in risk sentiment and technical factors favoured MXN.
“Equity markets slightly extended the increases across the board during the week...
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