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MXN: MXNJPY Trades Within Close Proximity of Year's Lows Following US Data

MXN
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  • US ADP corroborating the most recent weakening trend of the US labour market sees MXNJPY extend its intra-day decline to around 1.5% and the cross closely matches the year-to-date low below 7.10. As such, USDMXN rises to a fresh high around 20.15 as investors continue to weigh the deterioration of domestic sentiment and will focus on the bull trigger is 20.2181, the Aug 5 high.
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  • US ADP corroborating the most recent weakening trend of the US labour market sees MXNJPY extend its intra-day decline to around 1.5% and the cross closely matches the year-to-date low below 7.10. As such, USDMXN rises to a fresh high around 20.15 as investors continue to weigh the deterioration of domestic sentiment and will focus on the bull trigger is 20.2181, the Aug 5 high.