Back
14 Apr 2015
USD/MXN slumps to lows on US data
FXStreet (Edinburgh) - The US dollar is rapidly losing ground vs. the Mexican peso, dragging USD/MXN to fresh daily lows near 15.2500.
USD/MXN weaker after US data
The pair left the consolidation attempt around 15.3500 to drop jus below 15.25 after US retail sales missed expectations during March, advancing 0.9% MoM vs. 1.1% previously estimates. Sales excluding the Transportation sector followed suit, gaining 0.4% vs. 0.7% expected. Further US data showed NFIB’s Business Optimism Index coming in at 95.2 in March, below consensus at 98.4 and February’s 98.0.
USD/MXN key levels
As of writing the pair is down 0.82% at 15.2569 with the next support at 15.2295 (low Apr.13) ahead of 15.0718 (low Apr.10) and finally14.8723 (low Apr.9). On the flip side, a break above 15.4023 (high Apr.13) would open the door to 15.4461 (high Mar.18) and then 15.5188 (high Mar.16).
USD/MXN weaker after US data
The pair left the consolidation attempt around 15.3500 to drop jus below 15.25 after US retail sales missed expectations during March, advancing 0.9% MoM vs. 1.1% previously estimates. Sales excluding the Transportation sector followed suit, gaining 0.4% vs. 0.7% expected. Further US data showed NFIB’s Business Optimism Index coming in at 95.2 in March, below consensus at 98.4 and February’s 98.0.
USD/MXN key levels
As of writing the pair is down 0.82% at 15.2569 with the next support at 15.2295 (low Apr.13) ahead of 15.0718 (low Apr.10) and finally14.8723 (low Apr.9). On the flip side, a break above 15.4023 (high Apr.13) would open the door to 15.4461 (high Mar.18) and then 15.5188 (high Mar.16).