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USDMXN Holds Narrow Range, May Retail Sales Due

MEXICO
  • USDMXN holds a very narrow range overnight, consolidating back below the 200-day MA, following a brief breach above earlier in the week. Another higher than expected inflation print, flattened the TIIE swaps curve on Thursday. Shortly we will see the May Retail Sales Report:
    • * 1200BST/0700ET – Mexico May Retail Sales (Est. 0.5% m/m vs. -0.4% Prior)
    • * 1200BST/0700ET – Mexico May Retail Sales (Est. 28.5% y/y vs. 30.1% Prior)

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