18 Feb 2015
USD/MXN upside capped by 15.00
FXStreet (Edinburgh) - The greenback is appreciating vs. its neighbour south of the border on Wednesday, lifting USD/MXN to levels just shy of 15.00 the figure.
USD/MXN eyes on FOMC, Banxico
The pair is extending its weekly upside despite the US docket disappointed investors today, with results coming in below consensus. The current upside in the pair will be put to the test later, following the release of the FOMC minutes and the Quarterly Inflation Report by the Banxico. Furthermore, crude oil prices are also weighing on the peso today, collaborating with the pair’s upside.
Next of relevance in the Aztec economy will be the GDP figures for the fourth quarter. Prior surveys expect the economy to have expanded at an annual pace of 2.6% and 0.9% inter-quarter.
USD/MXN levels to watch
The pair is now up 0.14% at 14.9292 with the next hurdle at 15.0090 (high Feb.13) and then 15.1555 (high Feb.11). On the flip side, a breach of 14.9072 (10-d MA) would aim for 14.8217 (21-d MA).
USD/MXN eyes on FOMC, Banxico
The pair is extending its weekly upside despite the US docket disappointed investors today, with results coming in below consensus. The current upside in the pair will be put to the test later, following the release of the FOMC minutes and the Quarterly Inflation Report by the Banxico. Furthermore, crude oil prices are also weighing on the peso today, collaborating with the pair’s upside.
Next of relevance in the Aztec economy will be the GDP figures for the fourth quarter. Prior surveys expect the economy to have expanded at an annual pace of 2.6% and 0.9% inter-quarter.
USD/MXN levels to watch
The pair is now up 0.14% at 14.9292 with the next hurdle at 15.0090 (high Feb.13) and then 15.1555 (high Feb.11). On the flip side, a breach of 14.9072 (10-d MA) would aim for 14.8217 (21-d MA).