KUALA LUMPUR, MALAYSIA - Media OutReach - 3 September 2021 - The Mexican peso (MXN) enters OctaFX's currency pool at the end of August—it comes with three tradable currency pairs. Finally, the most traded currency from Latin America enters global Forex broker OctaFX's ensemble—the Mexican peso (MXN). Being the third-largest currency traded in North America (after the U.S. dollar and Canadian dollar), the Mexican currency is issued and governed by a nation with the 15th largest nominal gross dome
For day traders and short-term strategies, long opportunities are seen at the 19.8000 support, while the 20.0000 area is seen as a selling area.
Experts are looking for clues on how the economy in the US is doing, as well as the effects of high inflation rates on interest rates. Additionally, they will be watching tapering plans.