Trades at the 100 and 200 hour MA into the inauguration
The USDMXN has fallen in trading over the last few hours after reaching the highs from last week and backing off yesterday. The fall has taken the pair down to the 100 and 200 hour MA where there is a pause. Is it some intervention from Banxico? Could be. They certainly will be on alert to stem a runaway currency to the downside.