- The Mexican peso fails to advance against the dollar despite a rise in equity markets.
- The dollar on mixed ground throughout the market on Monday.
- USD / MXN in range between 20.45 and 20.70.
USD / MXN is rising on Monday after finding support once again above 20.45. It recently peaked for the day at 20.58 and remains bullish within the range between 20.45 and 20.70. The dollar started the week without a clear direction.
After a busy week in Mexico, which includes key data and the decision of the Bank of Mexico to raise the interest rate to 5%; Monday begins with a holiday in the country and the economic calendar does not show more reports for the next ones.
In the US, the most relevant of the week will be Tuesday with the retail sales data. On Monday there was a strong rise in the Manufacturing Empire indicator, although it had no impact on the dollar.
The focus for these these days could continue for what the Federal Reserve does before the rise in inflation recorded days ago. In addition, the announcement of President Biden is expected, on the situation of the head of the central bank: if he reappoints Powell or if he decides to replace him.
Technical levels
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