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10 Apr 2015
USD/MXN keeps highs above 15.00
FXStreet (Edinburgh) - The Mexican peso is losing ground vs. the dollar on Friday, lifting USD/MXN to session tops around 15.20.
USD/MXN apathetic on data
Spot kept the composure after the auspicious results from the Mexican industrial sector, showing that Industrial Production expanded at a monthly pace of 0.2% during February and 1.6% over the last twelve months.
Across the Rio Grande, Export Prices rose 0.1% MoM and Import Prices fall 0.3% MoM vs. consensus at -0.2%.
USD/MXN levels to watch
The pair is now advancing 0.52% at 15.1699 and a breakout of 15.2369 (high Apr.10) would expose 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 apathetic on data
Spot kept the composure after the auspicious results from the Mexican industrial sector, showing that Industrial Production expanded at a monthly pace of 0.2% during February and 1.6% over the last twelve months.
Across the Rio Grande, Export Prices rose 0.1% MoM and Import Prices fall 0.3% MoM vs. consensus at -0.2%.
USD/MXN levels to watch
The pair is now advancing 0.52% at 15.1699 and a breakout of 15.2369 (high Apr.10) would expose 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).