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ForexOct 23, 2026, 8:49 PM

Mexican Peso Recovers but Faces Weekly Loss on Iran Risk

The Mexican peso rose about 0.32% versus the dollar but remains on track for a weekly drop of more than 1% as Middle East escalation risk weighs on sentiment.

USDMXN

The Mexican peso appreciated about 0.32% against the U.S. dollar during the session, but remained poised to finish the week with losses of more than 1%.

USD/MXN traded at 18.66 after moving through the level. The currency's recovery was limited by soured risk appetite tied to a possible escalation of the Middle East conflict.

The weekly loss highlights continued caution in the peso despite the day's modest rebound.

Source: FXStreet Forex News

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