Market Analysis
EURUSD weekly: euro drops 111 pips to 1.14817, 2026-09-14
EURUSD gave up 111 pips over the week of 14 September 2026, with the whole loss landing in a single Wednesday session that broke 1.1500.
4 min readAs of Wednesday's close, USDMXN trades at 17.4057. That is down from Monday's open of 17.5004, a drop of roughly 950 pips over three sessions. The week's high sits at 17.5375, printed Monday, and the low is 17.3885, set Tuesday. Price now hovers just above that low, so the peso has held most of its midweek advance.
The heavy move came Tuesday, when USDMXN fell from a 17.5153 open to a 17.4165 close on the week's largest volume. Broad dollar softness has run alongside a PBOC fix that came in stronger for the yuan than the Reuters estimate on Wednesday. A firmer offshore yuan tends to pull emerging market currencies higher against the dollar, and the peso tracked that tone.
The calendar carries no scheduled high-impact events for the back half of this week. That leaves price action driven by dollar flows and the daily PBOC fix. If the yuan continues to fix stronger than estimate through Thursday and Friday, the emerging market bid can keep pressure on USDMXN. If the dollar reclaims a broad bid, the peso's gains are the first thing at risk of unwinding. Watch how the dollar behaves against EUR/USD as a read on the wider tone.
As of Wednesday, sentiment shows 61.7 percent of positions long USDMXN against 38.3 percent short. That skew leans toward more dollar strength, even as spot has fallen this week. When the crowd is long into a falling price, a continuation lower can force those longs to cover, which adds fuel to the move.
The line to watch is Tuesday's low at 17.3885. If sellers push through and close below it, the next round figure at 17.3500 comes into view. If 17.3885 holds and buyers step back in, the 17.4218 area from Wednesday's high becomes the first resistance to clear. You can track both levels live on your LHFX account as the back half of the week develops.
Byline: LHFX Research
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