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USD/MXN drops to lows near 1.1361

FXStreet (Edinburgh) - The Mexican peso is now picking up pace vs. the US dollar, dragging USD/MXN to challenge session lows in the 13.600 area.

USD/MXN weaker post-data

The pair lost upside momentum after the jobless rate in the Aztec economy fell to 4.78% during October vs. 5.08% previous, and the 1st half-month inflation ticked higher to 0.74% in November from 0.5%. Spot thus continues to consolidate around the key 13.6000 handle, coming down from 2014 peaks near 13.6800.

USD/MXN key levels

The pair is now losing 0.02% at 13.6118 with the next support at 13.5975 (low Nov.21) ahead of 13.5820 (Tenkan Sen). On the flip side, a breakout of 13.6690 (high Nov.21) would expose 13.6795 (2014 high Nov.4).

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