The Mexican Peso trades flat or lower in its major pairs at the start of the new trading week.
Global growth fears and the unwillingness of the Fed to lower borrowing costs are curbing enthusiasm and weighing on MXN.
USD/MXN is still pulling back in the midst of a short and medium-term uptrend.
The Mexican Peso (MXN) trades either flat or edges lower in its key pairs on Monday as market sentiment sours and commodity prices sell-off on global growth fears. As a “risk-on” currency, the Peso accordingly takes some heat.
At the time of writing, a single US Dollar (USD) buys 18.47 Mexican Pesos, EUR/MXN is trading at 19.77 and GBP/MXN at 23.41.
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