The Mexican Peso (MXN) stabilizes on Wednesday after a three-day run of weakness spurred by a mixture of investor fears about the impact of President-elect Donald Trump’s trade and immigration agenda on Mexico, a generally risk-off tone to markets outside of the United States (US) (which tends to impact the risk-sensitive Peso disproportionately), and expectations that the Bank of Mexico (Banxico) will cut its main interest rate by 25 basis points (bps) (0.25%) at its up-and-coming meeting on Thursday.

The EUR/CAD pair discovers temporary support near the round-level support of 1.4800 in European trading hours on Wednesday.

Gold prices dropped below $2,600 for the first time since mid-September on Tuesday as the Greenback extended its gains and hit a six-month high, according to the US Dollar Index (DXY).

The Mexican Peso extends its losses against the Greenback on Tuesday on risk aversion due to US President-elect Donald Trump’s first appointments to his cabinet.

The Mexican Peso (MXN) depreciates in its main pairs as it continues its run of weakness into the third day on Tuesday.