USD/MXN eyes record highs

FXStreet (Córdoba) – The Mexican peso managed to hold above previous record lows on Tuesday against the US dollar but continues under pressure amid risk aversion.

USD/MXN rises for the third day in a row

USD/MXN rose further on Tuesday and peaked at 15.721, the highest level since June 8 and then pulled back modestly. The pair is rising for the third trading day in a row and continues to approach record highs that reached early in June at 15.77.

A week ago it was trading below 15.50 but after consolidating on top of the mentioned level gained bullish momentum.

The Mexican and the Colombia peso are among the worst perfumers in the currency market since the beginning of the week.

The Mexican peso managed to hold above previous record lows on Tuesday against the US dollar but continues under pressure amid risk aversion.

(Market News Provided by FXstreet)