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USDMXN Breaks Back Below 20.00, Eyes February Lows

MEXICO
  • The loss of upward momentum for long-term U.S. yields continues to fuel renewed optimism in EMFX and USDMXN has broken cleanly back below the 20.00 handle. Immediate support is found at 19.90 with a small cluster of lows from February, however, a weekly close below this level may target the years lows around 19.55.
  • Mexico administered more than 500,000 doses of vaccine against the coronavirus on April 14, the second day in a row the country more than half a million jabs, Deputy Health Minister Hugo Lopez-Gatell said at a Thursday evening press conference. (BBG)
  • Mexico's Senate on Thursday voted to extend the term of the president of the Supreme Court for an extra two years, a move criticized by opposition lawmakers who called it a bid by the ruling party to strengthen its hold on the country's institutions. (NP)
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