Free Trial

USDMXN Squeezing Higher

LATAM FX

With EURUSD 20 tiks off the highs, a small turnaround in the USD is causing a small squeeze in USDMXN and USDBRL. USDMXN taking out the highs of the past 24 hours through 19.63 and 19.6650 as weak shorts initiated through 19.60 are tested. No specific headlines attached to the moves.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.