The Mexican Peso drifted higher against the U.S. dollar in the European session on Thursday, even as the U.S. President Donald Trump went ahead with his plan to construct a border wall between the US and Mexico.
Mexican President Peña Nieto condemned the decision and reiterated that the nation won't pay for the wall, but he signaled his willingness to reach agreements with the U.S.
The Peso spiked up to 20.86 against the greenback, its strongest since January 3. The Mexican currency is seen finding resistance around the 19.00 mark.
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Forex News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.