USD/MXN FALLS BELOW $18.50 ON UPBEAT MEXICAN RETAIL SALES, TIGHT US JOBS DATA 에서

24 Mar 2023, 21:28 · Views 55

US Initial Jobless Claims continued their downward trend, portraying a tight labor market.

Retail Sales in Mexico exceeded estimates and bolstered the Mexican Peso.

USD/MXN Price Analysis: Could resume its bearish bias below $18.50.

The Mexican Peso (MXN) recovers against the US Dollar (USD) as the USD/MXN registers losses of 0.57% and stumbles below the 20-day EMA. Following the US Federal Reserve’s (Fed) decision to tighten monetary conditions, a risk-on impulse keeps the emerging country currency underpinned at around $18.50. At the time of writing, the USD/MXN is trading at 18.4868.

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