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USD/MXN holds support by 15.0765, eyes 100-DMA by 15.04

  • USD/MXN holds support by 15.0765 the 61.8% Fib of 14.7575-15.5925 range

  • Hovers near thin daily cloud (15.14) recent support

  • MXN lags LatAm peers/DMs during recent USD reversal, bond rout

  • US-MX yield diffs near 370bps in 5-yr, likely attracts as FI markets calm

  • A move below 15.0429 100-DMA and 15.00, likely has RM/HFs selling

  • Market Data
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