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USDMXN Showing Technical Weakness, Banxico Today

MEXICO

Banxico the highlight at 1900GMT/1400ET. Preview was published yesterday and can be found here: https://roar-assets-auto.rbl.ms/documents/8086/MNI%20Banxico%20Preview%20Feb%202021.pdf


USDMXN back below 20.00 with continued weak grinding price action in the Bloomberg dollar index. Worth noting Citi Tech have gone short USDMXN with a target of 19.50. We pointed out yesterday that a sustained breach of 20.0742 would open up a short-term move to 19.8546.


Elsewhere at 10am Local: CFE representatives to deliver presentation on electricity bill to lawmakers.

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