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USD/MXN knee-jerked higher in reaction to the release of Mexico's daily coronavirus case count, as the number of patients topped 500,000. The rate has backed off highs, last trades +112 pips at MXN22.1784.
- Nearest resistance seen at the 50-DMA (MXN22.4246), followed by Aug 4 high of MXN22.9097. Downside focus falls on Jul 29 low of MXN21.8502.