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Mexican Peso consolidates near strongest levels of the year

Summary by FXStreet
The Mexican Peso (MXN) is holding firm against the US Dollar (USD) on Tuesday after reaching a fresh year-to-date high in the early hours of the European session as markets turn cautious ahead of Wednesday’s House vote on President Trump’s “One Big Beautiful Bill.”
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The Mexican peso depreciated against the dollar in the half-week session.The local currency fell after a three-day streak with profits that gave it a advance of more than 1% and that led it to touch a minimum not seen in the price since mid-October.The exchange rate ended the day at the level of 19,3716 units per dollar. Against a closing of 19,2757 units yesterday, with the official data of the Bank of Mexico (Banxico), that meant for the curre…

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FXStreet broke the news in on Tuesday, May 20, 2025.
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