Mexican Peso surges as US Dollar weakens, USD/MXN approaches 19.00

  • The Mexican Peso (MXN) rallied to a new yearly high against the US Dollar (USD) on Tuesday as investors continued to digest Moody's downgrade to United States (US) government debt and wait for the vote on the Tax bill presented by the Trump administration. At the time of writing, USD/MXN trades at 19.28, down 0.18%.