CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please refer to our Risk Disclosure Statement
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).
Bank of England (BoE) cut rates for the first time in August 2024, with further easing expected in the coming months. But how low are rates likely to go?
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