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Mexican Equities Slightly Higher, USDMXN Approaching 19.55 Support

MEXICO
  • Mexican equities have been trending slightly higher in the past few days, with the MEXBOL index gradually approaching its 51,770, which was rejected on Monday and represents the index all-time high.
  • Global risk on environment and USD weakness have been supported both the currency MXN and equities in the past year.
  • USDMXN is approaching ST support at 19.55, a break below that level would open the door for a move down to 19.

Source: Bloomberg/MNI

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