Mexican peso rises across the board, extends monthly gains. USD/MXN drops to the 22.50 area, last seen back on March 17. The Mexican peso is rising for the sixth day in a row on Monday and it trades at the highest since mid-March versus the US dollar supported by an improvement in market sentiment. USD/MXN dropped to test 22.50 and it remains near the lows, under pressure. Among the most liquid currencies, the Mexican peso is the top performer on Monday and also considering the last five trading days. The rebound in crude oil prices and in equity prices boosted the currency that so far in May, is having one of the best months in history against the greenback. The US Dollar is posting mixed results on Monday. It rose earlier but then pulled back as Wall Street futures printed fresh highs. Trading volume is expected to continue at extremely low levels amid a holiday in the US. Economic data released on Monday included trade data from Mexico. Exports tumbled 40% in April while imports declined 37% from a year earlier. The trade deficit jumped to $3,087 million, the highest since January 2019. Levels to watch From a technical perspective, the bias continues to point to the downside in USD/MXN as it has been the case since it broke under 23.20 that now is the critical resistance. On the flip side, the 22.45/50 area is the immediate support followed by 22.20. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Gold Price Analysis: XAU/USD sideways, trading near $1730/oz FX Street 3 years Mexican peso rises across the board, extends monthly gains. USD/MXN drops to the 22.50 area, last seen back on March 17. The Mexican peso is rising for the sixth day in a row on Monday and it trades at the highest since mid-March versus the US dollar supported by an improvement in market sentiment. USD/MXN dropped to test 22.50 and it remains near the lows, under pressure. Among the most liquid currencies, the Mexican peso is the top performer on Monday and also considering the last five trading days. The rebound in crude oil prices and in equity prices boosted… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.