Saturday, January 18

Mexican Peso plunges to three-day low ahead of Trump’s inauguration

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Peso (MXN) tumbled to a - low the US () digested economic data in the (US) and as prepared for US 's next . The USD/MXN at 20.80, gaining over 1.30%.

Mexico's economic docket in revealed that Gross Fixed improved in October, coming at 0.1% , from a contraction of 0.7% in 's data. Yet the figures by the (INEGI) remained anemic against -digit figures revealed in .

In the US, revealed by the US remained solid despite , yet an upward revision to November figures indicates the .

Meanwhile, (Fed) Governor Waller was dovish during an with CNBC, stating that the US may sooner and faster than projected if data .

Ahead this week, Mexico's economic docket remains absent, with awaiting next week's data alongside . In the US, the housing data.

digest : Mexican Peso pressured by on Trump's

USD/MXN : Mexican Peso plummets as USD/MXN climbs above 20.80

On , the exotic pair resumed its , with traders eyeing the -to- (YTD) at 20.. At the of , the USD/MXN faces strong at 20.86, the , ahead of the latter. An additional upside is seen, once those are cleared, with the next emerging at 21., the 8, 2022 peak, followed by 21.50 and the 22.00 psychological .

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