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USDMXN Offered Post WMR Fix

MEXICO

Sudden move lower in USDMXN sees us sub 20.00 once again. Very muted price action all day in the lead up to the WMR fix but consistently offered post 4pm despite US Equity indices coming under some pressure.

  • 19.95 is the low of the recent move down.
  • Banxico Quaterly Inflation Report due out at 1800GMT.
  • FOMC Minutes at 1900GMT.

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