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USDMXN Remains Heavy Ahead Of Biden, EUR Denominated Issue May Price Today

MEXICO

USDMXN remains heavy with evident demand for the Peso on any dip. Option expiries and a lack of event risk kept the pair subdued during yesterday's session. 19.90 has held twice and becomes the nearest level of resistance, with a short-term target of 19.60 to the downside as we head into Biden this afternoon, as well as hearing from Chair Powell.


Issuance: IPT: Mexico EUR Bmark; 12Y MS+210 Area, 30Y MS+270 Area - May price today.

  • EUR Benchmark 12Y Fixed (Oct. 25, 2033) MS+210 Area
  • EUR Benchmark 30Y Fixed (Oct. 25, 2051) MS+270 Area

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