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9 Apr 2015
USD/MXN eyes 15.00 on CPI data
FXStreet (Edinburgh) - The Mexican peso is now depreciating further vs. its neighbour, taking USD/MXN session peaks near 15.00 the figure.
USD/MXN boosted by CPI figures
The pair accelerated its daily ascent after consumer prices in the Aztec economy ticked higher during March, with headline prices rising 0.41% inter-month and 3.14% over the last twelve months, vs. forecasts at 0.30% and 3.04%, respectively.
The pair has almost recovered the deep pullback from last Friday and is now looking to extend gains beyond the 15.00 handle.
USD/MXN levels to watch
The pair is now advancing 0.66% at 15.0124 and a breakout of 15.0348 (high Apr.3) would expose 15.1603 (high Apr.2) and then 15.3337 (high Apr.1). On the downside, the initial support aligns at 14.7692 (low Apr.3) ahead of 14.7568 (low Apr.6) and finally 14.7303 (low Feb.6).
USD/MXN boosted by CPI figures
The pair accelerated its daily ascent after consumer prices in the Aztec economy ticked higher during March, with headline prices rising 0.41% inter-month and 3.14% over the last twelve months, vs. forecasts at 0.30% and 3.04%, respectively.
The pair has almost recovered the deep pullback from last Friday and is now looking to extend gains beyond the 15.00 handle.
USD/MXN levels to watch
The pair is now advancing 0.66% at 15.0124 and a breakout of 15.0348 (high Apr.3) would expose 15.1603 (high Apr.2) and then 15.3337 (high Apr.1). On the downside, the initial support aligns at 14.7692 (low Apr.3) ahead of 14.7568 (low Apr.6) and finally 14.7303 (low Feb.6).