ONTRADE Forex

USD/MXN Forecast: Mexican Peso Gains Steam After Tariff Ruling – 23 February 2026

USD/MXN Forecast: Mexican Peso Gains Steam After Tariff Ruling – 23 February 2026
The USD/MXN exchange rate continued its strong downward trend, reaching its lowest level since June 2024 as the Mexican peso gained momentum after the Supreme Court ruling on Donald Trump’s tariffs. It dropped to 17.1325 on Friday, much lower than last year’s high of 21.28.

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