Wednesday, February 26, 2014

USDMXN And The 10-Year US-Mexico Interest Rate Differential

Last week we noted that USDMXN held above the key 13.1620 level and how the technical backdrop was poised for a move higher. Sure enough, over a week has gone by and USDMXN finds itself in a very similar situation – Bullish engulfing candlestick bounce off the 50-day sma.



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