Sharp drop in crude prices since last June are likely to dampen prospects of foreign direct investment in Mexico's newly opened oil fields.
- The peso has slumped nearly 10 percent so far this year, prompting the central bank to intervene to limit volatility.
- The peso is extending declines, dragged down by volatile crude prices which fell as low as $27.39 a barrel on Wednesday as worries about a global supply glut overshadowed data showing a surprise drop in U.S. stockpiles.
- MXN failed to benefit from Yellen's comments which eased concerns about the U.S. economy, Mexico's biggest export market.
- Technicals point to further upside, USD/MXN was trading at 18.95, while EUR/MXN was at 21.38 at the time of writing at 0800 GMT.


FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Pair levels and bias summary
NZDJPY in Consolidation: Navigating the 92.00 Range as Bearish Clouds Gather
Swiss Franc Softens as USDCHF Bulls Regain Control: Pullback Offers Prime Entry Toward 0.8000
AUDJPY Stalls in Neutral Ground: Bearish Shadows Loom Over the 111.00 Mark
FxWirePro: USD/CAD positions for another climb, eyes 1.3900 level
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD downside pressure builds, key support level in focus
FxWirePro: AUD/USD downside pressure builds, key support level in focus
FxWirePro: GBP/NZD continues to recovers , upside pressure builds
FxWirePro: USD/CAD remains buoyant, looks to extend gains
FxWirePro: EUR/AUD neutral in the near-term, scope for downward resumption
FxWirePro: EUR/AUD consolidating around 1.6650, room for further gains
FxWirePro: USD/ZAR consolidating around 16.995, room for further gains
FxWirePro: GBP/AUD edges lower, downside risk remains
FxWirePro: EUR/ NZD stuck in range but maintains bullish bias
FxWirePro: GBP/NZD runs out of steam but maintains bullish outlook 



