- Mexican peso remains bearish against the dollar, due to caution in markets.
- USD / MXN finds support above 20.00, still held back by 20.20.
USD / MXN is rising on Monday but is still below 20.20, which is the key resistance. On Monday it reached 8:00 p.m., where it bounced and climbed to 8:15 p.m. marking a high for the day.
The dólar presents mixed results in the market. It remains strong against emerging currencies supported by rising Treasury yields. The 10-year benchmark rate reached 1.50%, the highest in months.
The advance of dollar it has limitations in the rise in the equity markets and also in the price of oil. WTI barrel gains 2.05% on Monday and operates on $ 75.00.
The week began with the economic activity data of Mexico July, which showed an advance of 0.8%, below the expected increase of 0.80%. August unemployment rate data will be released on Tuesday and Thursday will be the event of the week with the central bank’s monetary policy decision. The general expectation is that Banxico will raise the interest rate by 25 basis points to 4.75%.
In the US, after the FOMC week, the focus could now turn to data again. The durable goods orders report showed higher than expected figures. The key data ahead will be those of employment.
Technical levels
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