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USDMXN Consolidating At Higher Levels, Retail Sales Due Friday

MEXICO
  • With the risk off move placing particular pressure on emerging market currencies on Wednesday, USDMXN appreciated swiftly from around the 18.00 mark to print as high as 18.3975 overnight. The pair is consolidating around 18.30 at typing and with a quiet local docket once more, will continue to be driven by global factors. August retail sales headlines the weekly calendar on Friday.

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