Mexican Peso Fluctuates as USD Bulls Return Ahead of Banxico Minutes Release

Mexican Peso (MXN) Fluctuates Against US Dollar Amid Trump Tariffs Court Ruling

The Mexican Peso (MXN) shows mixed movement against the US Dollar (USD) following a US court ruling that blocked former President Trump’s tariffs. The USD/MXN currency pair is hovering near the critical 19.40 support level as traders await important economic data, including the Banxico Minutes and US Jobless Claims, to determine the next market direction.

Court Ruling Boosts US Dollar, Adds Trade Policy Uncertainty

The court decision invalidating the “Liberation Day” tariffs has strengthened the US Dollar, increasing uncertainty around US-Mexico trade relations. This development has placed downward pressure on the Mexican Peso as market participants weigh the future of bilateral trade.

Fed Minutes Signal Prolonged High Interest Rates

Adding to USD strength, the Federal Reserve’s recent meeting minutes indicate that interest rates are expected to remain elevated for an extended period amid ongoing inflation concerns. This outlook further supports the US Dollar against the Peso.

Why This Matters for Traders

• USD/MXN Key Level: 19.40 acts as both psychological support and resistance.
• Upcoming Catalysts: Banxico Meeting Minutes and US Jobless Claims could drive volatility.
• Market Sentiment: Fed policy and trade policy uncertainty remain major factors.