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15 Jan 2015
USD/MXN keeps falling, near 14.4000
FXStreet (Edinburgh) - The Mexican peso keeps appreciating vs. its neighbor north of the border, taking USD/MXN to lows near 14.4000.
USD/MXN in 4-week lows
The pair is navigating levels last seen in mid-December around 14.40/50, ignoring the generalized better tone from the US data releases today, which showed Producer Prices surpassing expectations and a positive performance of the Empire State Manufacturing index during December. Later on, the more relevant Philly Fed Manufacturing Survey is also due, with consensus expecting the gauge to ease to 19.9 for the present month, down from 24.5. In the Central American economy, the jobless rate will be published tomorrow and it is expected to have ticked lower to 4% during December.
USD/MXN levels to consider
As of writing the par is down 0.16% at 14.4718 facing the next support at 14.3770 (low Dec.17 2014) ahead of 14.2292 (50-d MA). On the upside, a break above 14.7060 (high Jan.14) would aim for 14.7620 (Tenkan Sen) and finally 14.9940 (high Jan.6).
USD/MXN in 4-week lows
The pair is navigating levels last seen in mid-December around 14.40/50, ignoring the generalized better tone from the US data releases today, which showed Producer Prices surpassing expectations and a positive performance of the Empire State Manufacturing index during December. Later on, the more relevant Philly Fed Manufacturing Survey is also due, with consensus expecting the gauge to ease to 19.9 for the present month, down from 24.5. In the Central American economy, the jobless rate will be published tomorrow and it is expected to have ticked lower to 4% during December.
USD/MXN levels to consider
As of writing the par is down 0.16% at 14.4718 facing the next support at 14.3770 (low Dec.17 2014) ahead of 14.2292 (50-d MA). On the upside, a break above 14.7060 (high Jan.14) would aim for 14.7620 (Tenkan Sen) and finally 14.9940 (high Jan.6).