Share: USD/MXN trades at 17.0741, down 0.19%, as the pair slides below the 20-day Moving Average, targeting the psychological 17.0000 level. Mixed US data, including a drop in inflation expectations, leaves investors uncertain about further Fed tightening beyond September. Technical outlook suggests downside risks below the 50-DMA at 17.0079 while reclaiming the 100-DMA
Share: USD/MXN struggles to defend two-day winning streak ahead of Fed Minutes. Impending bull cross between 50-HMA and 200-HMA joins firmer RSI (14) line to favor Mexican Peso sellers. Pair seller need dovish remarks in FOMC Minutes, clear break of 17.00 to retake control. USD/MXN retreats to 17.35 as bulls struggle to keep
© Reuters. A twenty pesos coin is seen, as Mexico’s Central Bank (Banco de Mexico) puts into circulation a twenty pesos coin which commemorates the 100th anniversary of the arrival of the Mennonites to the country, in this picture illustration taken August 9, 2022. MEXICO CITY (Reuters) -Mexico’s peso on Friday hit its highest level
