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USDMXN Consolidating Week's Gains, Weekly Reserves Data Due

MEXICO
  • USDMXN remains unchanged overnight, however the pair is consolidating +1% gains on the week amid the firmer greenback. Yesterday's spike to 20.85 fell short of the November highs around 20.98, a level that will be required to break for a resumption of bullish trend conditions.
  • A very light domestic data week continues with the usual AMLO press conference scheduled as well as reserves data due:
    • 1500GMT/1000ET: Nov. International Reserves Weekly, prior $198.9b

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