Free Trial
WTI TECHS

(Z2) Bull Cycle

OUTLOOK

What to watch

SOUTH AFRICA

MTBPS Well-Received, Eskom Extend Load-Shedding Plans

GOLD TECHS

Watching Resistance At The 50-Day EMA

BRENT TECHS

(Z2) Tops Resistance

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
MEXICAN PESO
MEXICAN PESO: Selling pressure hit USD/MXN in two rounds as participants watched
a flurry of headlines re: USMCA negotiations. MXN has seemingly picked up a bid
on the back of press reports noting that Canadian PM Trudeau discussed the
matter with U.S. President Trump on Monday & BBG headlines noting that the U.S.,
Mexico and Canada "plan signing of changes to garner Pelosi approval."
- USD/MXN last deals at MXN19.2056, ~260 pips worse off. The rate has slipped
under yesterday's low, but struggles to clear the MXN19.2000 level. A move
through there would open up the Nov 15 low of MXN19.1766 and the 76.4%
retracement of the Oct 28 - Nov 28 rally at MXN19.1694. Conversely, a recovery
of the 200-DMA at MXN19.2831 would give bulls some reprieve.
- In terms of the local data, Mexican industrial output comes out on Thursday.

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.