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USD/MXN slips as US Q1 GDP remains weak

USD/MXN holds near session highs by 15.35 after US Q1 GDP data Resistance at 15.43/44 early May highs, 15.5209 upper 21-d Bolli, support at 15.2723 21-DMA RM offers tipped above 15.40, stops above 15.45 Q1 GDP revised lo…

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  • USD/MXN holds near session highs by 15.35 after US Q1 GDP data

  • Resistance at 15.43/44 early May highs, 15.5209 upper 21-d Bolli, support at 15.2723 21-DMA

  • RM offers tipped above 15.40, stops above 15.45

  • Q1 GDP revised lower on large trade def & inventory build 

  • UST yields off a touch post-data and higher oil having little affect on MXN

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