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USDMXN Continues To Edge Lower, Q2 Current Account Balance Due

MEXICO
  • Mexico is expected to post a current account surplus in the second quarter after a $14.3 billion deficit last quarter. The data will be published at 1600BST/1100ET.
  • USDMXN (-0.31%) continues to edge lower and narrow the gap with the key bear trigger at 16.6262, the Jul 28 low, where a break would confirm a resumption of the medium-term downtrend.

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