Futuro del peso mexicano 28-3

Three Developments Shaping Month-End

  • Equity market sell-off continues after US recovery reversed yesterday
  • Bond yields are mostly lower, with the US 10-year near 2.75% and Gilt and Bund yields are at their lowest levels since January
  • Pressure on LIBOR continues
  • The dollar is largely consolidating, though the Australian dollar is at new lows for the year
  • Many expect SARB to cut South Africa’s key rate by 25 bp to 6.50% today
200 DMA= 537.10
100 HMA= 535.40
Futuro peso mexicano 28-3
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