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USD/MXN drops for fresh 3-week low

FXStreet (Córdoba) - The mexican peso rose to the highest price in almost a month again the US dollar and is among the best performers on Wednesday among Latin American currencies.

The USD/MXN is falling 0.35% despite risk aversion. Stocks dropped in Europe and were falling in Wall Street. The Dow Jones was losing 1.69% and the S&P 500 was down 1.35% while in Mexico the IPC was losing 0.54%.

USD/MXN from extreme to extreme

During the European session USD/MXN climbed to 14.705 hitting the highest price since January 9 but then turned to the downside and fell to 14.528, a level last seen December 19.

Afterwards bounced to the upside, moving away from the lows and it was trading around 14.562, headed toward the lowest close in three weeks.

USD/JPY and another test of 117.00

The US dollar is now pushing higher vs. the Japanese currency, lifting USD/JPY to challenge the key barrier at 117.00 the figure once again...
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GBP/JPY onto the 178 handle post heavy daily losses

GBP/JPY is currently trading at 178.03 with highs of 178.89 and lows at 176.77 and down 0.35% on the day.
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