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Forex: USD/MXN dips to session lows

FXstreet.com (Barcelona) - The Mexican peso is gathering pace against the greenback on Tuesday, after the Aztec economy posted an annualized inflation of 4.25% in March, higher than February’s 3.55%. The Core Inflation during the same period rose 0.30%, below the previous raise of 0.51%.

Ahead in the week, the Mexican economy will publish the results of the Industrial Output during February.

At the moment, the cross is losing 0.56% at 12.1270 with the next support at 12.0000 (low Aug.9 2011) followed by 11.5240 (low Jul.7 2011).
On the flip side, a break above 12.2200 (high Apr.8) would the target 12.2983 (MA10d).

Forex: USD/CHF declines to 10-week lows at 0.9305

After falling around 50 pips from 0.9355 in the latest couple of hours, the USD/CHF has broken down the 0.9315 and it has reached fresh lowest level since February 28 at 0.9305. Currently the pair is trading at 0.9315.
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