• The Mexican Peso rises in its key pairs as investor risk appetite improves. 
• China, Japan and South Korea reopen free-trade talks, tech stocks rally. 
• Speculation of Banxico cutting interest rates in June is high, according to a leading poll.

The Mexican Peso (MXN) is rising in its key pairs due to strong investor risk appetite on Monday, which favors the Mexican Peso and commodity-linked currencies. 

During the Asian session, stocks rose, with the Shanghai Composite clocking up gains of 1.14%; the Nikkei rising 0.61%, and Australia’s ASX200 up 0.83%. Optimism from the restarting of free-trade negotiations between China, Japan and South Korea – after they stalled in 2019 – and advances in technology stocks, were seen as factors supporting sentiment.  

USD/MXN is exchanging hands at 16.68 at the time of writing, EUR/MXN is trading at 18.09 and GBP/MXN at 21.25.