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 readThe week opened at 17.5004 for USDMXN and closed Friday at 17.4425. The high printed at 17.5375 on Monday, and the low reached 17.3543 on Wednesday. Net, the pair fell about 58 pips, or roughly 0.33 percent, meaning the peso strengthened against the dollar across the week.
The economic events slate for the week was empty in the bundle, so price action leaned on flow and broader dollar tone rather than scheduled data. The pair drifted lower from Monday's 17.5152 close through midweek, bottoming at 17.3543 on Wednesday before buyers stepped back in and lifted the close back to 17.4157 on Thursday.
The wire traffic that came through centered on the PBOC reference rate. The bank set its daily fix on the weaker-yuan side of the Reuters estimate. That is a China-facing signal, not a Mexico one, but it fed the general dollar backdrop that emerging-market currency pairs traded around late in the week.
The bundle carries no scheduled high-impact events for the coming week. With the calendar quiet, watch the dollar's broader tone and any fresh central-bank reference-rate headlines for direction. If risk sentiment stays supportive of emerging-market currencies, the peso tends to attract bids and the pair leans lower. If the dollar catches a broad bid instead, USDMXN typically firms back toward the week's upper range. For a read across the wider dollar complex, contrast the peso's move with EUR/USD.
Trader positioning sits at 61.6 percent long and 38.4 percent short as of Friday. That skew leans toward the dollar side of the pair, meaning consensus is positioned for USDMXN to rise even as spot fell through the week. A crowded long book can act as a headwind if the pair keeps grinding lower and those positions get squeezed.
The week's high at 17.5375 caps the upside. If price closes above there, the round 17.5500 area is the next obvious reference. On the downside, Wednesday's low at 17.3543 is the line in the sand. If that breaks and holds, the round 17.3000 handle comes back into focus. Between them, Friday's 17.4425 close is the near-term pivot. Trade the levels that hold rather than any single number in isolation, and if you want to set alerts around them, you can open an LHFX account to track these levels live.
Byline: LHFX Research
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