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Forex Market News-Mar 29


Mexico’s Central bank kept rate at 8.25%

USDMXN traded down to the 200 day. The pair is rallying over the last week or so of trading and in process closed above 200 day.

Read more https://bit.ly/2JWCfcC





USD/JPY eases from weekly highs, steadies near mid-110s

USD/JPY Pair made high. The pair rose to a fresh weekly high of 110.83 Before going into a consolidation phase near mid-110s. Rising of Us Treasury bond yields on Thursday fuelled the pair’s Upsurge Today.

Read more https://bit.ly/2U3AsXJ



Drop in USDMXN

Drop in USD/MXN after Banxico meeting

USD/MXN made a low at 19.30 following the release of the statement from Bank of Mexico(Banxico) with its decision. The Mexican Peso rose modestly as the Central bank showed a cautions tone instead of dovish shift.

Read more https://bit.ly/2UkPsQ8




DXY consolidates gains as it holds firm above 97.00

US  Dollar registered a rise in price against majors and retreats versus some EM currencies.

DXY heads for 5th daily gain out of last 6 trading days.

Read more https://bit.ly/2YueqvM



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