USDMXN retreat after earlier today rejected for the second time at the 100-day moving average. During July the pair is hovering around the 50 and 100-day moving average after the correction from multi-year highs
USDMXN
USDMXN trades lower for the third consecutive day after the central bank of Mexico in its May policy meeting decided to cut the interest rates by 50 basis points to 5.5% as widely expected by markets.
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