USDMXN is under selling pressure for one more day as the correction from recent highs accelerates below the 50-day moving average. U.S. dollar is under selling pressure today as the risk-on sentiment returns
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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