Free Trial

USD/MXN Prints Lower Low for Fourth Session

MEXICO
  • USD/MXN holds close to the session lows, with the USD's post-ISM downtick helping pressure USD/Latam lower - while Brazil's market-friendly round 1 election results adding another tailwind.
  • Little reaction to manufacturing PMI (50.3, prev. 48.5) but bolsters minor MXN strength so far Monday. Key support to watch lies at 19.7533, the Sep 12 low.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.