USD/MXN

USD/MXN CFD is a product offered by OANDA, and is based on a currency pair that represents the value of the US Dollar against the Mexican Peso.  

The US Dollar is the world's primary reserve currency and the most widely traded currency globally. Its value is influenced by US economic performance, Federal Reserve monetary policy, and global economic sentiment.  

The Mexican Peso, issued in Mexico, is influenced by Mexico's economic performance, which is closely tied to the US due to trade relationships.

The Banco de México's (Banxico) monetary policy also plays a significant role in the Peso's value. The USD/MXN currency pair will be influenced by the relative economic performance and monetary policies of the United States and Mexico, and also by the trade relationship between the two countries.