The USD/MXN exchange rate has seen a significant decline in recent months. This decline stems from easing concerns over the ongoing trade war which previously cast uncertainty over the market. After reaching a peak of 21.3 in February, the exchange rate has retreated to 19.38. This represents its lowest mark since October 15 of last year. Investors are now closely watching the upcoming decision from Banxico, as this could influence further fluctuations in the currency. The current market sentiment suggests that traders are bracing for potential movement in the USD/MXN pair, especially with key economic indicators on the horizon. As the situation unfolds, the ability of the Mexican peso to maintain its resilience will be critical. Traders should stay alert for insights from Banxico’s upcoming statements, which may provide further direction. Maintaining an eye on emerging trends is essential for anyone invested in forex in the coming days and weeks.