Hello Everybody,

USDMXN traders should take note of Mexican Consumer Confidence data release scheduled today at 14 GMT.

Mexican consumers are currently reeling from high inflation and high interest rates. Sharp drop in consumer confidence was reported by INEGI, report showed that consumer confidence fell to a seasonally adjusted 3.1% between December to January.

INEGI is Mexico's national statistics institute.

Mexican economy is losing steam amidst low investor confidence and ongoing renegotiation of the North American Free Trade Agreement (NAFTA). Ongoing uncertainty, has caused the Mexican peso to vacillate widely in January.

I stand with BULLS, as I foresee better than expected readings in this release.

Bye
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