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USDMXN Finds Resistance Just Shy Of Year's Highs

MEXICO
  • USDMXN a touch lower after finding some resistance just shy of the 20.70 mark with noted resistance remaining at 20.7603, Jan 6 high. Despite the slightly backwards looking activity data of November retail sales, the stronger prints adding a small tailwind for the peso.
  • Trade balance data will be published tomorrow before the more meaningful releases of Q4 GDP on January 31.
  • Today, Finance Minister Rogelio Ramirez de la O is at Pacific Alliance Leaders Summit in Colombia.

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