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14 May 2015
USD/MXN falls to 1-month low
FXStreet (Córdoba) - The mexican peso gained for the third day in a row versus the US dollar and reached the strongest level since April 9. USD/MXN climbed on Asian hours to 15.300 but then turned to the downside, moving during the rest of the day with a bearish bias.
USD lower again on US data
As it happened yesterday, economic data from the US pushed weakened the pair. USD/MXN accelerated toward 15.100 after the inflation report showed that the IPP declined 0.4% in April; analysts were expecting an increase of 0.2%. The number offset the decline in initial jobless claims that remain near 15-year lows.
During the New York session the pair dropped further and bottomed at 15.060. Currently is hovering around 15.095, attempting to consolidate below the important 15.100 level.
USD lower again on US data
As it happened yesterday, economic data from the US pushed weakened the pair. USD/MXN accelerated toward 15.100 after the inflation report showed that the IPP declined 0.4% in April; analysts were expecting an increase of 0.2%. The number offset the decline in initial jobless claims that remain near 15-year lows.
During the New York session the pair dropped further and bottomed at 15.060. Currently is hovering around 15.095, attempting to consolidate below the important 15.100 level.