Read more
12:13 PM · 6 April 2020

Mexican Peso at record lows

-
-
Open account Download free app

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

24 March 2026, 6:59 PM

Daily summary: Trump’s remarks give Wall Street some hope🗽 Oil hovers around $100

24 March 2026, 2:17 PM

Mixed US PMI data 🗽EURUSD gains

24 March 2026, 6:05 AM

Economic Calendar - PMI data takes center stage as oil resumes climb

24 March 2026, 5:40 AM

Morning Wrap - Oil Resumes Climb (24.03.2026)

Join over 2 000 000 XTB Group Clients from around the world
The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits