• USD/MXN eased slightly on Monday as markets awaited clarity on whether U.S. President Donald Trump would follow through on his tariff threats against Mexican and Canadian imports..
• U.S. Commerce Secretary Howard Lutnick said over the weekend that tariffs on Canada and Mexico will take effect on Tuesday, though President Trump will decide whether to maintain the planned 25% rate.
•Looking ahead markets will track Mexican inflation reading along with U.S. jobs data due on Friday.
• At GMT 16:41, the pair was trading down 0.49% at 20.260.
• Immediate resistance is located at 20.718(38.2%fib), any close above will push the pair towards 20.947(Jan 17th high).
• Support is seen at 20.401(50%fib) and break below could take the pair towards 20.191(Feb 19th low).
