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MEXICAN PESO GAINS AFTER WEAK MANUFACTURING PMI DATA HITS PEERS

guntur360
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  • The Mexican Peso is trading higher in most key pairs after the release of weak manufacturing data hits its counterparts. 
  • Manufacturing PMI data out on Tuesday was lower than expected across the board. 
  • USD/MXN’s short-term trend has probably reversed from bullish to bearish.  

The Mexican Peso (MXN) trades higher in most pairs midweek following widespread weakness among the majors after the release of disappointing Manufacturing Purchasing Manager Index (PMI) data weighed, especially on the US Dollar (USD). 


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