USD/MXN extends its gains on the second day, trading higher around 19.3000 during the Asian session on Friday. The Mexican Peso (MXN) faced a downward
USD/MXN experienced upward support ahead of US employment data. Mexican government altered airport tariffs, which might exert pressure on the MXN. Investors await NFP and earnings data for confirmation post positive data on Thursday. push following the announcement from the Mexican government aviation agency about alterations in airport tariffs. This development triggered volatility in the Mexican Stock Exchange and intensified the Mexican Peso's decline to a fresh six-month low.
Traders await the upcoming US Nonfarm Payrolls and Average Hourly Earnings on Friday, seeking confirmation of a tight labor market. Upbeat numbers could trigger the US Dollar and increase volatility in the bond market. Additionally, the US Treasury yields hold steady to remain positioned near multi-year highs, as the market exercises caution regarding the hawkish stance of the US Federal Reserve on interest rates trajectory. The 10-year US Treasury yield holds above 4.
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