In the opinion of HSBC economists, Both internal and external factors point to
USD/MXN strengthens due to the release of encouraging US economic data on Tuesday.
EUR/USD loses traction and falls to 1.0550 area; remains below the 50 and
USD/JPY finds bullish support due to US economic data. Momentum indicators suggest a
Further weakness could drag GBP/USD towards the 1.2100 area in the coming weeksaccording
UOB Group Markets Strategist Quek Ser Leang and Senior Currency Strategist Peter Chia