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Close-up of various Euro banknotes scattered on a surface, highlighting European currency.
FORECASTSAUG 10, 2026
USD/MXN Slide Tests Reversal Risk as Dollar Weakness Deepens
USD/MXN is trading near lower levels last challenged in a sustained way more than two years ago, keeping traders divided over whether the decline has further to run. Momentum remains bearish, but intraday reversals and major support zones are making caution essential.