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Greenback Extends Weakness, USDMXN Back Below 20.00 Support

LATAM
  • The US dollar has extended Monday’s weakness and broad dollar indices trade roughly 0.6% lower on Tuesday. In similar vein, USDMXN continues its grind lower, now testing below the initial support seen at 20.0014, the May 4 low.
  • There are no major Latin American economic data releases scheduled.
  • Attention will be on US April Retail Sales data before Fed Chairman Powell, due to speak on inflation at Wall Street Journal's Future of Everything Festival, in New York. Scheduled for 1400ET - audience questions are expected.
  • Powell’s WSJ interview headlines a heavy schedule of six speakers, three of whom vote this year.

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