|Day's Range||22.352 - 22.458|
|52 Week Range||18.5062 - 25.7653|
Mexico's central bank, the Banco de Mexico, cut its key interest rate by half-a-percentage point on Tuesday to 6%. Policy makers in Mexico also rolled out a more than $30 billion stimulus package to "foster an orderly behavior of financial markets, strengthen the credit channels and provide liquidity for the sound development of the financial system," according to a statement by the five-member governing board, which voted unanimously in Tuesday's policy action. At last check, the U.S. dollar bought 24.4573 Mexican pesos , up 1.7% in Tuesday afternoon action. Meanwhile, the iShares MSCI Mexico ETF was down 3.2% in late-Tuesday trade, along with declines for the Dow Jones Industrial Average and the S&P 500 index . In addition to the COVID-19 pandemic, Mexixo, a major oil producer, has been facing headwinds from the collapse in crude-oil markets lately.
The U.S. dollar was hit hard Monday by aggressive moves from the Federal Reserve overnight to try and buttress the U.S economy, as the coronavirus disrupts global activity ever more deeply. The U.S. Dollar Index, which tracks the greenback against a basket of six other currencies, stood at 98.177, down 0.7%. USD/JPY fell 1.3% to 106.56, after the Bank of Japan kept interest rates unchanged but increased its asset purchases, while GBP/USD traded at 1.2329, up 0.4%.
Investing.com -- Risk sentiment returned to the foreign exchange markets early Friday in Europe, with the Swiss franc and yen retreating against the dollar, and the dollar retreating against the pound as a week of turbulent newsflow drew to a comparatively quiet close.
Investing.com - The dollar surged against higher-yielding currencies on Monday as a plummeting Argentinian peso sent shockwaves through emerging markets.
Investing.com - The U.S. dollar fell to an almost-two-week low after weak services data, while trade tensions between the U.S. and China prompted a selloff of the Chinese yuan.
Investing.com - The U.S. dollar fell after the jobs report failed to diminish expectations of the Federal Reserve cutting rates next month.