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Forex News: Mexican Peso Trades At 6-day High Versus U.S.

Mexican Peso Trades At 6-day High Versus U.S. Dollar

04/24/2017 - 07:13:00 (RTTNews)

(RTTNews) - The Mexican Peso traded higher against the U.S. dollar in the European session on Monday, as sentiment lifted up on positive global cues following Macron victory in the first round of Presidential election in France.

With the centrist Macron and far-right leader Marine Le Pen going into the second round of the presidential election on May 7, in accordance with opinion polls, worries over a breakup in the Eurozone have receded.

The Peso firmed to a 6-day high of 18.47 against the greenback, compared to last week's closing value of 18.79. The next possible resistance for the Peso is seen around the 17.00 region.

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