USDMXN retraces to retest it 200 day moving average
Summary
By sueyangfx.com March 09, 2021 at 08:17PM The reversal in rates and the dollar helps emerging currencies The USDMXN has been pushing higher as US interest rates increased, the dollar increased. The pair moved above its 200 day moving average for the first time since early […]
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March 09, 2021 at 08:17PM
The reversal in rates and the dollar helps emerging currencies
The USDMXN has been pushing higher as US interest rates increased, the dollar increased. The pair moved above its 200 day moving average for the first time since early October on Friday, and moved to a new high going back to early November at 21.6354 during yesterday’s trade.