Mexican Peso trims gains following softer than expected inflation data

Mexican Peso trims gains following softer than expected inflation data

The USD/MXN has picked up as Mexican CPI eased beyond expectations. The Mexican Perso had reached levels near the 20.00 support area the effect of the release of strong US labour figures waned. Technically, USD/MXN’s double top at 20.80 suggests the possibility of a deeper correction.

submitted by /u/Denchock
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