Federal Reserve chair Jerome Powell's testimony before a US House committee Tuesday were broadly received as USD-positive with four rate hikes no on the table for 2018.
Squawk / 29 September 2016 at 13:59 GMT
Blogger / MoreLiver's Daily
Mexico's central bank meeting tonight - a rate hike and announcement to intervene in the markets are deemed possible. Both would be positive for the Mexican peso MXN.

See my note from yesterday for more:
asousa27 asousa27
So USDMXN probably will towards 18.5 zone right Juhani?
Juhani Huopainen Juhani Huopainen
I hope so. Key is to get back below the 19.4 and stay there to scare the USDMXN-longs out. The pair could just as well keep on going higher from here. There are no natural "Trump trades", so there are plenty of people who want to go long USDMXN. Also, the eventual direction of the pair is higher.

As I wrote, a good idea to wait for lower levels (18.5 or so) before going long, OR to try to get a bit tactical and go short, expecting a move lower.
asousa27 asousa27
I understand Juhani. Very nice work! Thanks.


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