- USD / MXN in range close to 19.90, in a low volatility session.
- The dollar generally unchanged on Monday of holidays.
The USD / MXN is operating in the 19.90 zone, and remains with lateral movements between 19.89 and 19.95, since the second half of the American session on Friday.
The Monday’s session is characterized by a low level of volatility, at the start of the week and before holidays in the US and the UK. Normal volume is expected to return to the markets on Tuesday.
The dollar It does not register significant variations on Monday, and against most of its rivals it is with little variation with respect to the close of Monday. The best performing currency is being the yen.
In the week the key data in the US will be those of the labor market, which will culminate on Friday with the official employment report for May. In addition, the focus will continue on the bond market.
On Mexico for its part, the most anticipated information will be the inflation data for May to be published on Wednesday. It is estimated that the annual rate will moderate slightly from the maximum in years of 6.08% to 6.01%.
No clear direction
The USD / MXN continues to move without a clear direction. The day chart presents a bearish bias, with the price unable to assert itself above the 20-day moving average at 19.95. A confirmation below 19.80 would point to further dollar weakness.
To the upside, a close clearly above 20.00 would be a positive event for the dollar that would anticipate a greater advance ahead, with a target at the 20.20 / 25 barrier.
Technical levels
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