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Treasury Secretary Scott Bessent

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A detailed collage of Euro and Dollar banknotes showcasing international currency exchange.
FORECASTSAUG 24, 2026
USD/MXN Tests 2024 Lows as Dollar Weakness Keeps Peso Bulls in Control
USD/MXN is trading near territory last seen in June of 2024 as broad U.S. dollar weakness continues to shape short-term sentiment. Traders are watching whether the pair can hold below 16.95000 and whether a move toward 16.90000 attracts fresh volatility before the Fed’s Jackson Hole Symposium.