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USD/MXN tracks global yields lower, Banxico rate decision ahead

  • USD/MXN hits new day low < 15.50 as UST-Bunds reverse early losses
  • Banxico expected to hold rate at 3%, growth forecast recently lowered, inflation at target

  • USD/MXN support at 15.49/48 daily pivot/55-HMA, then 100-HMA  at 15.4509

  • Resistance seen at 15.5925 May 1 high

  • IMF says USD moderately overvalued, says Fed should delay hike to H1 '16

  • HF sellers, tipped above 15.50, gain advantage over RM buyers

  • Market Data
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