USD/MXN reverses as UST yields fall, repels resistance ahead of May 1 high
Thursday, June 4, 2015 12:29 PM UTC
- USD/MXN reverses as UST yields fall, edges off early high 15.5885, 5-week high
- RM bids tipped on USD/MXN rise from 15, HF said to be on offer above 15.50
- Banxico may act to slow peso slide; resistance 15.6690 '15 high, 15.7156 CB offer
- Supports seen at daily pivot/55-HMA by 15.49/48
- Weak Mex growth may delay hikes with US, Banxico expected to hold at 3%
- US NFP Friday and Mex elections Sunday key events
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