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Nothing earth shattering here but can certainly be considered marginally dovish given the fact two out of the five members consider the pause in the easing cycle to not be appropriate. This will likely bring forward analysts forecasts for the next rate cut in 2021. Especially given the committee composition change with Guzman leaving.
- USDMXN marginally lower in line with broader USD dynamics. 19.70 remains the next hurdle for a move lower.