Breaking: USD:MXN rates are up 2.3%+ in 24 hours as Russia invades the Ukraine

USD:MXN rates soar, currently over 20.6 MXN to 1 USD. The USD strengthens broadly while crypto crashes and Brent crude soars past 100 USD as Russia invades the Ukraine.

Short-term USD:MXN forecast: a flight to safety

The US Dollar strengthened against the MX Peso by 2.3% over the last 24 hours and continues to climb. The USD:MXN rate stands at 20.62 MXN : 1 USD as of this writing.

Notably, Brent crude spiked above 100 USD, driven by the Russian invasion of the Ukraine. Crypto crashed, with Bitcoin down over 7% in the last 24 hours.

Expect major volatility in all financial markets as they react to the unfolding situation in the Ukraine.

Best regards,

Will - bridge21.com