The Mexican Peso extends its recovery into a second day supported by broad risk appetite.
The rebound started following market-soothing comments from the Mexican Finmin that the new government would act responsibly.
USD/MXN approaches 17.34, a key support level. The short-term directional bias is unclear.
The Mexican Peso (MXN) is up by around a quarter of a percent on Thursday in its key pairs as a positive risk tone prevails and helps support the sentiment-sensitive Peso. MXN continues clawing back losses after the 5% depreciation sparked by the Mexican election on Sunday.
USD/MXN is exchanging hands at 17.46 at the time of writing, EUR/MXN is trading at 19.00 and GBP/MXN at 22.34.
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