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USDMXN United States Dollar vs Mexican Nuevo Peso

16.9589
0.0153 (0.09%)
Last Updated: 10:48:31
Delayed by 15 minutes
Name Symbol Market Type
United States Dollar vs Mexican Nuevo Peso FX:USDMXN Forex Exchange Rate
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.0153 0.09% 16.9589 16.9439 16.9739 16.9694 16.91638 16.95076 0 10:48:31

Mexican Peso Trades At Record Low Against U.S. Dollar

24/07/2015 2:50pm

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US Dollar vs MXN (FX:USDMXN)
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The Mexican Peso traded at a record low against the U.S. dollar in New York deals on Friday, as the latter firmed on prospectus for a Fed rate hike in September.

Data from the Insituto Nacional de Estadistica Y Geografia showed that Mexico's jobless rate fell to 4.41 percent in June from 4.45 percent last month. Economists had expected the jobless rate to come in at 4.34 percent.

The Mexican currency has been trading in a negative territory since mid-July, led by a rout in commodities, coupled with weak domestic growth.

The Mexican Peso depreciated to a record low of 16.30 a dollar and has been steady thereafter. At Thursday's close, the pair was valued at 16.21.

The Banco de Mexico meets next week, when it is expected to keep interest rate at a record low of 3 percent for a ninth straight meeting.

1 Year US Dollar vs MXN Chart

1 Year US Dollar vs MXN Chart

1 Month US Dollar vs MXN Chart

1 Month US Dollar vs MXN Chart

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