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USDMXN Respecting Recent Range Ahead Of FED Meeting

MEXICO
  • USDMXN traded with a positive bias in line with the firmer greenback in early trade on Tuesday although the lower-than-expected US Employment Cost index data has seen the pair’s advance moderate. USDMXN is respecting a fairly narrow range ahead of the Fed and continues to consolidate below the 19.00 mark and above 18.52 support.
  • Both remittances data and the central bank’s economist survey are due to be published tomorrow.

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