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22 Feb 2013
Forex: USD/MXN pierced 12.700 after data
The Mexican peso is picking up pace against the buck on Friday despite the jobless rate in the Mexican economy ticked higher to 5.42% during January vs. December’s 4.47%. Prior surveys were expecting 5.0%. In addition, the inflation figures for the first half of February rose 0.24%, taking the annualized CPI to 3.47%.
As of writing, the pair is down 0.09% at 12.7332 facing the immediate support at 12.6215 (low Feb.20) ahead of 12.5555 (low Jan.17).
On the upside, a break above 12.7386 (MA50d) would expose 12.7744 (Upper Bollinger).
As of writing, the pair is down 0.09% at 12.7332 facing the immediate support at 12.6215 (low Feb.20) ahead of 12.5555 (low Jan.17).
On the upside, a break above 12.7386 (MA50d) would expose 12.7744 (Upper Bollinger).