The Mexican peso, an emerging-market currency, rose against the dollar's strength. It is expected to trade in a range around 17.70 this week, having risen to 17.779 at the end of last week. The peso also weakened against the yen, with moves extending into the upper ¥8 range.
USD/MXN continued to rise amid dollar strength, reaching a high of 17.779 last week. It has traded slightly below that level this month.
It is expected to trade in a range around 17.70 this week, with moves against both the dollar and the yen being monitored. Against the dollar, it is centered in the 17.70 range, while against the yen, peso weakness and yen strength have been seen mainly in the upper ¥8 range.
The latest rates are 17.722 for USDMXN and 8.901 for MXNJPY. After reaching ¥9.447 at the start of the month, it fell below ¥9.00, then rebounded on the 14th and at one point rose above ¥9.20.
The article cites dollar strength as a factor behind the rise in USD/MXN and presents the range-bound market since the end of last week together with the latest rates.