The strong Dollar is pressing the Pesso
25 november 2021 37
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Expectations of rapid tightening of monetary policy by the FED are strengthening the Dollar. Currencies of developing countries are especially vulnerable in this situation, and Mexico is among them. USDMXN is close to its maximum at 21.63. The RSI index is entering the overbought zone, and there is some likelihood for some correction before a further rise.

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