Mexico Headline Inflation Worst than Forecasts, USDMXN Down 0.11%

Annual Mexico Inflation came in at 3.95% matching forecasts for June. Core Inflation came in at 0.3%, worse than forecasts of 0.31% in June, while monthly headline Inflation came in at 0.06 percent also below forecasts of 0.07% in June.

The pair is trading 0.11 percent lower at 18.8938, and the technical picture for the pair is bearish and an attempt lower can’t be ruled out. Immediate support for the pair stands at 18.75, the low from April while more solid buying could emerge at 18.70. On the upside first resistance stands at 18.93, the 20-hour moving average, while extra offers could emerge at the 50-hour moving average at 18.96.Don’t miss a beat! Follow us on Twitter.