Futuro del peso mexicano 22-8

  • USD/MXN maintains downward path with rallies fading near 55-DMA
  • 55-DMA now 17.8947 with most recent meaningful peak Aug 18 high 17.9360
  • Support @ 17.5600 Jul 27 low & Jul 19 low @ 17.4500
  • MXN Q2 GDP at 13GMT. F/c 1.8% yy vs 2.8% in Q1
  • Analysts expectations heading south. GDP heading up since Q3 2016
  • Specs trim USD 600mln from net short position in last 5 weeks
 Futuro del peso mexicano 22-8
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