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Forex Flash: Fundamentally, MXN looks constructive - BBH

FXstreet.com (Barcelona) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman comments that from a fundamental perspective, he favours MXN.

However, technical conditions warn of a slow grind at best. He writes, “None of our technical indicators are suggesting a near-term reversal. We are, therefore, more inclined to selling into dollar bounces rather into new weakness. We see the MXN12.50-MXN12.60 as formidable resistance.”

UK Feb BBA Mortgage Approvals decreases to 30.5K vs 32K (Jan)

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Forex Flash: Cypriot deal should support the Euro near term - BTMU

Lee Hardman, FX analyst at the Bank of Tokyo Mitsubishi UFJ believes that the Cyprus agreement should help to support the euro in the near-term helping to prevent a more sustained EUR/USD break below the 1.3000-level.
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