INSUBCONTINENT EXCLUSIVE:
The Mexican peso holds steady against the US dollar on April 11, 2025, trading at 20.44055, down 0.03% from 20.43485, according to
TradingView data.This slight dip follows a volatile day, with the pair hitting a high of 20.60984 on April 10
starting at 20.317 and climbing to 20.60984
production fell 1.2% in March, adding pressure on the peso, which later recovered to close at 20.44055
intervention to curb volatility surfaced but lacked confirmation
imposing a 125% levy on China, giving Mexico an edge over other emerging markets
pressure worries investors, as production shifts could hurt the economy.The US dollar weakens slightly as recession fears grow, with
The iShares MSCI Mexico ETF saw $45 million in outflows on April 10, while the Invesco DB US Dollar Index Bullish Fund gained $30 million,
reflecting mixed sentiment.Technically, the USD/MXN pair consolidates within the Ichimoku Cloud on a 1-hour chart, signaling indecision
Support sits at 20.42735, with resistance at 20.48450
A break above 20.5000 could push prices higher, while a drop below 20.4000 might test 20.3000.Traders await US inflation data and Banco de
