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MXN trades well and is one of the......>

MEXICAN PESO
MEXICAN PESO: MXN trades well and is one of the best performing in LatAm FX so
far Wednesday, with BRL and ARS sitting slightly higher. USD/MXN is extending
losses after yesterday's close below the 19.0367 50-dma, with MXN undeterred by
lower-than-expected retail sales earlier today. Support seen kicking in at the
major uptrendline drawn from 2017 lows at 18.8151.
-The slightly firmer MXN is also easing implied vols, with the 1m measure
retreating to 8.738 points, the lowest since mid-March and is pulling back
alongside the equivalent risk reversals measure, which now holds close to the
May average.

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