The USD/MXN exchange rate increased this week as tensions escalated between the US and Mexico regarding trade wars. Following the recent rhetoric from Trump and the Bank of Mexico’s decision to cut interest rates for the second consecutive meeting, the exchange rate reached a high of 20.30. This rise contrasts with this month’s low of 19.85, marking a significant fluctuation in the currency market. Traders should keep an eye on ongoing developments as this situation unfolds, potentially leading to further volatility in the USD/MXN pair.