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Risk-Off Weighs On The Peso

MXN

Global equities continued their decline, breaking yesterday's worst levels. USDMXN has breached it's best levels of the day above 20.37 and has fallen short of recent range highs at 20.4589 heading into the close. Additionally, headlines on a Biden clampdown surrounding invalid drilling permits after improper approval have added to risk-off sentiment with WTI under pressure.

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