• The greenback’s dominant them on Friday has prompted an extension of USDMXN strength at the US crossover. The pair has risen through Wednesday’s post-CPI highs above 16.54 in recent trade, extending the pairs short-term recovery. Price action narrows the gap to key resistance, which moves down 16.5775, the 20-day EMA.
  • Foreign Affairs Minister Alicia Bárcena confirmed that Mexico is calling for Ecuador’s expulsion from the United Nations for violating diplomatic norms by raiding its embassy in Quito last week. The Mexican government is also seeking a formal apology as it brings the case to the International Court of Justice on Thursday.

MEXICO: USDMXN Extends Post-CPI Recovery Amid Broad Greenback Strength

Last updated at:Apr-12 11:11By: Jack Lewis
  • The greenback’s dominant them on Friday has prompted an extension of USDMXN strength at the US crossover. The pair has risen through Wednesday’s post-CPI highs above 16.54 in recent trade, extending the pairs short-term recovery. Price action narrows the gap to key resistance, which moves down 16.5775, the 20-day EMA.
  • Foreign Affairs Minister Alicia Bárcena confirmed that Mexico is calling for Ecuador’s expulsion from the United Nations for violating diplomatic norms by raiding its embassy in Quito last week. The Mexican government is also seeking a formal apology as it brings the case to the International Court of Justice on Thursday.

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