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USDMXN Trades As Low As 20.86 Overnight

  • USDMXN traded back down to around 20.85 late yesterday amid the broader uptick in global sentiment, however, the pair has bounced back above the 21.00 handle and resides 0.62% higher for today's session.
  • As a reminder, leading opposition lawmakers in Mexico say they won’t back the government’s nationalist electricity bill unless it changes significantly, reducing chances one of the president’s most ambitious proposals is approved in congress any time soon.

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