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USD/MXN tracks US yields higher, Banxico intervention level 15.2110 caps

Tuesday, March 3, 2015 1:48 PM UTC

Source: Thomson Reuters

USD/MXN trades near session highs at 15.03, tracks US yields higher
Pair is rising despite higher oil, Banxico intervention level 15.2110 caps
Recent CFTC data shows MXN short positions growing
USD broadly bid on US rate hike outlook, Fed expected to lose 'patience'
USD/MXN resistance at 15.0495 Tues high, 15.0724 76.4% Fib, 15.1555 Feb 11 high
Support is at 14.9875/50 hourly pivot/daily Tenkan area, 14.9285 21-DMA

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USD/MXN tracks US yields higher, Banxico intervention level 15.2110 caps

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