USD/MXN stays indecisive around mid-18.00s ahead of US PMI, Durable Goods Orders – by anilpanchal7 USDMXN PMI RiskAversion Banks Fed
Peso pair remains well-set for the first weekly loss in three amid the broad US Dollar, despite the latest rebound in the greenback.
Apart from the Fed bets, comments from US Treasury Secretary Janet Yellen and Chair of the Basel Committee on Banking Supervision also weigh on the market’s mood and probe the USD/MXN bears. On Thursday, Mexico’s 1st half-month Inflation for March dropped to 0.15% from 0.28% expected and 0.3% prior while the Core Inflation reading matched 0.30% forecasts versus 0.35% previous readings. However, the Retail Sales grew notably, with 5.3% YoY versus 3.0% expected and 2.5% prior, for March and helps the Mexican Peso to remain firmer.
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