Bullish
USD/MXN drops to 17.43 after weak US jobs data; Peso strengthens.
In the past 24 hours, the Mexican Peso has appreciated against the US Dollar, with the USD/MXN pair falling to 17.43 following the release of weaker-than-expected US Nonfarm Payrolls (NFP) data. The NFP report showed an addition of only 57,000 jobs in June, significantly below the anticipated 110,000, leading to a decline in the US Dollar across various currency pairs.
Key points
- USD/MXN declines to 17.43 after weak US jobs data.
- Speculation about potential intervention by Japanese authorities in FX markets.
- Ongoing uncertainty regarding the US-Mexico-Canada Agreement (USMCA) review process.
Sources
- USD/MXN: El Peso mexicano se aprecia frente al Dólar tras el decepcionante informe de empleo NFP de EE.UU.FXStreet · July 2, 2026
- Mexican Peso rises on soft US jobs data, intervention speculationFXStreet · July 2, 2026
- Precio del Dólar hoy: Peso mexicano inicia julio presionado por el T-MEC y WarshInvesting.com · July 1, 2026
AI-generated from public news sources. Not financial advice.
