Emerging market currencies are tumbling against the US dollar amid risk aversion. US Dollar gains 1.4% versus the Mexican peso and 4% against the Turkish lira. The USD/MXN pair is having the worst day in months and points to a reversal from a technical perspective. The tone changed dramatically over the last 48 hours as sentiment moved from a dovish Fed to global risk aversion. On Wednesday, hit the lowest in months at 18.73 and today rose to 19.15. The greenback is up significantly across the board. It remained strong even after weaker than expected US data. Emerging market currencies are the most affected by global fears. The US Treasury yield curve turned negative for the first time since 2007, showing concerns about the economy and even signaling a potential rate cut from the Fed. The USD/MXN is up 1.4% while the biggest gainers are USD/TRY 4%, USD/ARS 2.50% and USD/BRL 2.30%. Despite the slide of the Mexican peso against the US dollar, it still remains among the top performers of the last five days. Inflation data from Mexico released today showed lower-than-expected numbers. Mid-month inflation came in at 0.26% in March and 3.95% from a year ago. The numbers confirm the downtrend in inflation and favors a potential rate cut from Banxico but instability around the peso offset those expectations. 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 Ethereum Price Analysis: ETH/USD still not out of danger’s sight FX Street 4 years Emerging market currencies are tumbling against the US dollar amid risk aversion. US Dollar gains 1.4% versus the Mexican peso and 4% against the Turkish lira. The USD/MXN pair is having the worst day in months and points to a reversal from a technical perspective. The tone changed dramatically over the last 48 hours as sentiment moved from a dovish Fed to global risk aversion. On Wednesday, hit the lowest in months at 18.73 and today rose to 19.15. The greenback is up significantly across the board. It remained strong even after weaker than expected US data. Emerging… 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.