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Forex: USD/MXN in red after Mexican GDP

The Mexican peso is slightly appreciating against its northern neighbour on Monday after the economic activity in Mexico expanded 0.8% QoQ during the fourth quarter and 3.2% on a yearly basis, below the median at 3.57%.

Quite interesting week ahead for MXN, as Retail Sales, Unemployment Rate and the First Half Month Inflation are due in the upcoming sessions.

As of writing, the pair is losing 0.10% at 12.6966 with the immediate support at 12.6010 (low Feb.4) followed by 12.6161 (Lower Bollinger) and finally 12.5555 (low Jan.17).
On the flip side, a break above 12.7452 (MA50d) would open the door to 12.7682 (Upper Bollinger) and 13.0600 (high Dec.24).

USD consolidates in quiet holiday trade

The US dollar trades firmer overall, although consolidative moves predominate across the board. The euro remains within its Friday's range, although it saw some intraday volatility, jumping toward 1.3380 during the European trade, only to fall back to 1.3330 on Draghi's comments.
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Europen markets closed mixed, euro around 1.3350

Markets in Euroland close in the mixed territory on Monday, as lack of direction prevailed among investors after empty docket in the euro zone and the inactivity of the US markets due to the President’s Day...
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