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USD/MXN bounces off lows on Bernanke

FXstreet.com (Barcelona) - The Mexican peso is trimming early gains against the greenback on Wednesday, pushing the cross from lows around 12.2200 to the current region of 12.3100.

Data wise, retail sales in the Aztec economy rose 0.3% on a monthly basis during March, contracting 2.4% over the last twelve months. The results exceeded February’s prints at -0.1% and -2.6%, respectively.

As of writing, the cross is losing 0.16% at 12.3164 and a breakout of 12.3926 (high May 21) would expose 12.4633 (MA100d) and then 12.6440 (weekly high Mar.15).
On the flip side, support levels line up at 12.2356 (MA50d) followed by 12.1685 (MA21d) and finally 11.9358 (low May 9).

Flash: Bearish Selling against CAD crosses – Westpac

According to the Westpac Strategy Team, “On balance model signals and event risk seem to suggest a sustained break in USD/CAD above 1.03 is a bridge too far, at least for the week ahead.”
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EUR/USD falls to fresh lows

The euro continues to weaken versus the dollar and has dropped to fresh daily lows in recent dealings, as investors assess Bernanke's mixed signals on QE. Also contributing to the slide is Spanish PM Rajoy, who said he can't rule out Spain banks may need more money.
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