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US Dollar Edges lower Post Minutes, USDMXN Testing Support

MXN
  • The Bloomberg dollar index extending to fresh session lows following the minutes and more hawkish bets being taken off the table. Renewed support for major equity indices also supporting emerging market currencies with USDMXN breaching the Jan 18 low and bear trigger, below 20.2787.
    • Clearance of this level would confirm a resumption of the downtrend and open 20.2517, Nov 9 low and 20.1196, Oct 26 low.

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