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EM FX: USDMXN Extends To Session Lows Following US Retail Sales Miss

EM FX
  • "US RETAIL SALES INCREASED 0.1% IN MAY; EST. 0.3%"
  • "US RETAIL 'CONTROL GROUP' SALES RISE 0.4% M/M; EST. 0.5%" -bbg
  • A miss for the key Control Group (GDP input) category of US retail sales in May at +0.4% (vs +0.5% expected), exacerbated by downward revisions to the prior two months (-0.3% to -0.5% for April, +1.0% to +0.9% for March) helps the greenback lower and USDMXN extend to pullback lows of 18.3130, currently down 1.10% on the session.

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