USD/MXN prints losses below $18.40 spurred on risk appetite despite high UST bond yields.
US recession risks had risen, according to Minnesota’s Fed President Kashkari.
USD/MXN Price Analysis: To continue its downtrend below 18.7968.
The USD/MXN tumbles to fresh two-week lows in the North American session at 18.3259, and sellers are taking a respite, exchanging hands slightly above the week’s lows. Investors shrugging off banking crisis woes shifted sentiment positively. Therefore, risk-perceived currencies in the FX space are printing gains. The USD/MXN trades at 18.3902.
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