Mexican peso ranges among delays in the USA, robust data from the USA

The Mexican peso walks water after it does not pristine support at 20.30.
Mixed economic data in Mexico weighed the Mexican currency.
Traders are waiting for a monetary policy meeting of Banxa and the Fed Speakers.

Mexican PESO (MXN) losses compared to the US dollar (USD) on Tuesday, but still stays within a week after the President of the United States (USA) delayed the tariffs in Mexico, after discussions with President Mexico Claudia Sheinbaum. USD/MXN trades at 20.47, moreover by 0.74%

The USD/MXN pair found robust support near the 20.30 area, despite the loss of over 1.30% on Monday. Yesterday, the United States and Mexico reached a tariff detention agreement for a month, because President Sheinbaum violated to augment security on the border to stop the drug and illegal migration.

Investors cheered on messages when the risk appetite improved, and the Mexican currency ended in a robust session.

In addition, Mexico’s economic data revealed that January business trust has improved, although business activities, according to S&P Global. Production activity contractual for the seventh month in a row in January, which indicates that the economy is slowing down.

Meanwhile, American job offers fell by the most within 14 months, in accordance with the US Labor Department. The data revealed that the labor market and the economy remain robust, maintaining a federal reserve (FED) at least until June.

Given the background, further advantages in USD/MXN are noticeable, although traders must be aware of official speakers for the rest of the day. During the week, Banco de Mexico (Banxico) is to lower the rates to Thursday.

Uncertainty surrounds the cutting size, because some central bank officials opened the door to a greater than a quarter of the percentage point.

Daily Digest Market Movers: Mexican Peso with defensive as Greenback counterattacks

Mexican business trust has slightly deteriorated from 52.0 in December to 51.4 in January, revealed the Instituto Nacional de Estadisticer Geographer E Informatica (INEGI). The production foundation increased from 51.4 to 51.7 in the same period.
S&P Global Manufacturing PMI fell from 49.8 to 49.1 in January, which shows that production activity slows down.
Pollyanna de Lima, Deputy Director of Economics at S&P Global Market Intelligence, said: “Mexican producers started in 2025 in a weaker position, entering deeper into the limitation mode, because the current terms of demand and gloomy perspectives prompted them to seek saving costs and protecting flows money “.
The study of Banxico private economists showed that the economy of Mexico is to augment by 1% in 2025, compared to 1.2% in December. Inflation is expected to be higher from 3.80%to 3.83%, while basic prices are expected to 3.74%, compared to 3.72%.
Economists estimate the USD/MXN pair exchange rate to end the year to 20.90, compared to 20.53 in December, and estimate 150 Basico base points.
In December, the opening of work in the US and work (JOLTS) fell from 8.156 million to 7.6 million, below estimates of 8 million.
FUTURES FUTURES FUNS FUTES are valued at 48 base points (BPS) to facilitate the federal reserve in 2025.

USD/MXN Technical perspectives: Mexican peso weakens 20.50 because the buyers are the target 20.90

USD/MXN recovered after reaching the five -day lowest level 20.39, when Trump stopped the tariffs in Mexico. During the session in North America, the exchange rate increased above the 50-day straight movable medium (SMA) of 20.42, opening the door to further growth.

Daily closure above the psychological area of 20.50 can pave the way to test the previous annual highest level of 20.90. If it is outweighted, look for the highest year at the highest year at 21.29.

And vice versa, if the sellers push USD/MXN below 20.30, it may fall to the 100-day SMA on 20.15. before the figure 20.00.