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USD/MXN reverses as UST yields fall, repels resistance ahead of May 1 high

USD/MXN reverses as UST yields fall, edges off early high 15.5885, 5-week high RM bids tipped on USD/MXN rise from 15, HF said to be on offer above 15.50 Banxico may act to slow peso slide; resistance 15.6690 '15 high, 1…

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  • USD/MXN reverses as UST yields fall, edges off early high 15.5885, 5-week high

  • RM bids tipped on USD/MXN rise from 15, HF said to be on offer above 15.50

  • Banxico may act to slow peso slide; resistance 15.6690 '15 high, 15.7156 CB offer

  • Supports seen at daily pivot/55-HMA by 15.49/48

  • Weak Mex growth may delay hikes with US, Banxico expected to hold at 3%

  • US NFP Friday and Mex elections Sunday key events

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