Mexican Peso rises on soft US jobs data, intervention speculation

FXStreet·2 Jul 2026·Read original

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Macro Digital Finance USDMXN.FOREX ▼USDJPY.FOREX ▼

Summary · why it matters

The Mexican Peso advanced against the US Dollar, with USD/MXN trading at 17.48, down 0.43%. The move was driven by a weaker-than-expected US jobs report that weighed on the greenback, alongside speculation of intervention in foreign exchange markets by Japanese authorities.

US Dollar/Mexican Peso FX Spot Rate ▼US Dollar/Japanese Yen FX Spot Rate ▼

Impact on assets 2

Others▼ · 2 stocks

💱US Dollar/Mexican Peso FX Spot Rate

USDMXN

▼ NegativeMonetaryrelevance

Soft US jobs data weakens dollar, boosting peso; intervention speculation not directly relevant to MXN.

💱US Dollar/Japanese Yen FX Spot Rate

USDJPY

▼ NegativeMonetaryrelevance

Speculation of intervention by Japanese authorities strengthens yen, while soft US jobs data weakens dollar.

Mexican Peso rises on soft US jobs data, intervention speculation

Impact on assets 2

Theme Impact

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