USD/MXN Faces Weakness Ahead of US CPI Data
The USD/MXN currency pair appears vulnerable as it hovers near crucial support levels. Trading around 20.2790-20.2795, the pair shows signs of weakness in the Asian session. The ongoing bearish sentiment surrounding the US Dollar points to potential declines. Investors are cautious as they await the US Consumer Price Index (CPI) report which holds the potential to impact market conditions significantly. The relationship between currency trading and inflation data demonstrates the need for traders to stay informed and ready for shifts in market direction.