• The Mexican Peso trades flat or lower in its major pairs at the start of the new trading week.
• Global growth fears and the unwillingness of the Fed to lower borrowing costs are curbing enthusiasm and weighing on MXN. 
• USD/MXN is still pulling back in the midst of a short and medium-term uptrend. 

The Mexican Peso (MXN) trades either flat or edges lower in its key pairs on Monday as market sentiment sours and commodity prices sell-off on global growth fears. As a “risk-on” currency, the Peso accordingly takes some heat. 

At the time of writing, a single US Dollar (USD) buys 18.47 Mexican Pesos, EUR/MXN is trading at 19.77 and GBP/MXN at 23.41.