💱US Dollar/Mexican Peso FX Spot Rate
USDMXN
▼ NegativeMonetaryrelevance
High real yields underpin demand for Mexican Peso, strengthening MXN against USD.
Rabobank strategists Christian Lawrence and Molly Schwartz note that high real yields continue to underpin demand for the Mexican Peso, even after Moody’s downgraded Mexico’s rating to Baa3. They observe that 10-year MBono yields have fallen and that markets remain relaxed about Mexico’s investment-grade status.
High real yields underpin demand for Mexican Peso, strengthening MXN against USD.