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AUDUSD TECHS

Still Range-Bound

US TSYS SUMMARY

Decent Action on Narrow Range Ahead Wed's FOMC

EURJPY TECHS

Corrective Cycle Still In Play

USDJPY TECHS

Approaching Recent Highs

Banxico Takeaway

MEXICO

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.
MNI London Bureau | +44 020 3983 7893 | jack.lewis@marketnews.com