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9 Apr 2013
Forex: USD/MXN dips to session lows
FXstreet.com (Barcelona) - The Mexican peso is gathering pace against the greenback on Tuesday, after the Aztec economy posted an annualized inflation of 4.25% in March, higher than February’s 3.55%. The Core Inflation during the same period rose 0.30%, below the previous raise of 0.51%.
Ahead in the week, the Mexican economy will publish the results of the Industrial Output during February.
At the moment, the cross is losing 0.56% at 12.1270 with the next support at 12.0000 (low Aug.9 2011) followed by 11.5240 (low Jul.7 2011).
On the flip side, a break above 12.2200 (high Apr.8) would the target 12.2983 (MA10d).
Ahead in the week, the Mexican economy will publish the results of the Industrial Output during February.
At the moment, the cross is losing 0.56% at 12.1270 with the next support at 12.0000 (low Aug.9 2011) followed by 11.5240 (low Jul.7 2011).
On the flip side, a break above 12.2200 (high Apr.8) would the target 12.2983 (MA10d).