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USD/MXN off early lows, focus on rising US bond yields

USD/MXN rising with US yields despite rise in oil Resistance at 15.2919 21-DMA, 15.3210 daily pivot resistance, CB caps 15.4228 Support 15.2076 10-HMA, 15.1640 daily pivot, 15.0546 100-DMA the floor Fed mins tipped hawki…

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  • USD/MXN rising with US yields despite rise in oil

  • Resistance at 15.2919 21-DMA, 15.3210 daily pivot resistance, CB caps 15.4228

  • Support  15.2076 10-HMA, 15.1640 daily pivot, 15.0546 100-DMA the floor

  • Fed mins tipped hawkish as Q1 US weakness deemed transitory

  • Banxico ready to intervene on MXN weakness to mitigate pot'l inf rise

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