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MEXICO: USDMXN Extends Intra-Day Advance to 1.6%, Rises Above 19.30

MEXICO
  • USDMXN extends intra-day gains to 1.6%, briefly trading above 19.30 amid the souring domestic sentiment and confusion surrounding the BLS payrolls benchmark revision release. Initial short-term objectives are 19.4090 and 19.5999, the 50.0% and 61.8% retracement points of the sell-off between Aug 5 - Aug 16.

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