MEXICAN PESO TRADES MIXED IN KEY PAIRS AFTER RELEASE OF BANXICO MINUTES
- The Mexican Peso trades mixed in key pairs after the release of the Banxico June meeting Minutes.
- The Peso is higher against the US Dollar but is down versus the Pound Sterling.
- USD/MXN is falling to a target at the end of the wave C of a Measured Move pattern.
The Mexican Peso (MXN) trades mixed in its major pairs on Friday as markets digest recent market-moving data. MXN is up against the US Dollar (USD) and the Euro (EUR) but marginally down against the Pound Sterling (GBP), which gained support after the release of solid UK Gross Domestic Product (GDP) data on Thursday.
A surprise drop in the US Consumer Price Index (CPI) for June and the release of the Minutes of the Bank of Mexico (Banxico) June meeting are further factors impacting Mexican Peso pairs as the weekend approaches.
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