CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and can afford the risks.Trading CFDs is high risk and is not suitable for everyone. Refer to our PDS and Target Market Determination. AFSL 513393
The base currency – USD. The counter currency – MXN. The USD/MXN chart is the American dollar/Mexican peso currency pair. It shows how much the USD is worth when measured against the MXN. The USD/MXN is regarded as an exotic pair. However, among the currency pairs, including the US dollar and the emerging market’s currency, the Mexican peso, is one of the most heavily traded. As neighbours, the USA and Mexico have historically close ties as trade partners. The other widely-traded pairings including the MXN are with euro (EUR/MXN) and with the British pound (GBP/MXN).
Explore the ongoing AUD/USD downtrend ahead of Australia's GDP data release. Understand economic drivers, RBA policy, and technical signals impacting the Australian Dollar.
Higher-than-expected monthly CPI data watered down expectations for RBA interest rate cuts in 2024; the markets will now shift attention to quarterly GDP data on Wednesday, June 5.
09:55, 5 September 2024
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