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fxJul 16, 2026, 7:20 PM

Mexican Peso Falls on Risk Aversion, Rising Energy Prices

The Mexican Peso weakened about 0.30% on Thursday as increased risk aversion from an escalation in the Middle East conflict drove energy prices higher and underpinned the US Dollar.

USDMXN

The Mexican Peso depreciated approximately 0.30% against the US Dollar on Thursday, weighed by a shift to risk-off sentiment among market participants.

The move came as an escalation of the Middle East conflict pushed energy prices higher, which in turn supported the US Dollar. The greenback benefited from safe-haven flows as geopolitical tensions rose.

No additional details on the conflict or energy price moves were provided in the source.

Source: FXStreet Forex News