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USD/MXN slips to session lows by 15.50

Source: Thomson Reuters USD/MXN bounces near hourly pivot support by 15.5077 after Banxico announces USD liquidity Liquidity program to be re-evaluated Jun 8, just ahead of expected US rate liftoff CB wary of weak peso-r…

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USD/MXN slips to session lows by 15.50
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Source: Thomson Reuters
  • USD/MXN bounces near hourly pivot support by 15.5077 after Banxico announces USD liquidity

  • Liquidity program to be re-evaluated Jun 8, just ahead of expected US rate liftoff

  • CB wary of weak peso-related inflation, MXN -16% since end of US QE in Oct

  • USD/MXN resistance at 15.5900 hourly high, 15.6142 21-HMA, 15.6690 today's high

  • Support lies at 15.5077 hourly pivot support, 15.4169 100-HMA

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