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24 Apr 2015
USD/MXN muted on data
FXStreet (Edinburgh) - The Mexican peso keeps the better tone vs. its neighbour at the end of the week, with USD/MXN hovering around 15.3300.
USD/MXN indifferent on data
The pair kept the composure after Mexican retail sales expanded 0.5% inter-month during February and 5.6% over the last twelve months vs. previous estimates at 0.18% and 1.54%, respectively.
From the US docket, headline Durable Goods Orders rose 4.0% on a monthly basis during last month and contracted 0.2% excluding the Transportation sector, leaving markets with a kind of sweet and sour aftertaste.
USD/MXN levels to consider
As of writing the pair is losing 0.16% at 15.3306 with the next support at 15.2860 (low Arp.23) ahead of 15.2644 (low Apr.20) and finally 15.1129 (low Apr.17). On the flip side, a break above 15.4862 (high Apr.23) would open the door to 15.4940 (high Apr.21) and then 15.5644 (high Mar.13).
USD/MXN indifferent on data
The pair kept the composure after Mexican retail sales expanded 0.5% inter-month during February and 5.6% over the last twelve months vs. previous estimates at 0.18% and 1.54%, respectively.
From the US docket, headline Durable Goods Orders rose 4.0% on a monthly basis during last month and contracted 0.2% excluding the Transportation sector, leaving markets with a kind of sweet and sour aftertaste.
USD/MXN levels to consider
As of writing the pair is losing 0.16% at 15.3306 with the next support at 15.2860 (low Arp.23) ahead of 15.2644 (low Apr.20) and finally 15.1129 (low Apr.17). On the flip side, a break above 15.4862 (high Apr.23) would open the door to 15.4940 (high Apr.21) and then 15.5644 (high Mar.13).