The Mexican Peso has reached a new record low of USD 25.77 today due to concerns regarding impact of oil prices on the state-owned oil company Pemex and the spread of the coronavirus on the economy. President Lopez Obrador announced yesterday that the government will use the budget stabilization fund and funds from various trusts to combat the coronavirus pandemic and help the poorest citizens.
USDMXN has been trading in an upward trend since mid February. Today, after reaching new all time lows, the currency pair started a downward correction move, heading towards 24.679 support level. As long as the price sits above it, the continuation of an upward trend looks more probable. On the other hand, breaking below the above mentioned support may lead to a bigger downward correction. Source:xStation5
BREAKING: EURUSD Slightly lower on FOMC minutes! 🚨
Chart of the day: EURUSD (08.10.2025)
NZDUSD at 6-month lows after unexpected RBNZ rate cut ✂️
Gold powers to fresh record, as stocks slip, but there could still be further upside to come
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.