During European trading hours on Thursday, the New York Times reported that the United States is urging Mexico to permit military action against drug cartels, particularly targeting fentanyl production labs. This development is causing volatility in the forex market, with the USD/EUR exchange rate reflecting increased investor concerns over regional stability.
As traders assess the implications of potential military intervention, the USD has shown a slight appreciation against the EUR, hovering around 1.10. The market's response underscores the interconnectedness of geopolitical events and currency valuation, as investors weigh the impact of US-Mexico relations on broader economic conditions and trade dynamics.
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Data Source: FX Killer Analysis Team Updated: 2026-01-15 10:50
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.