- The Mexican Peso trimmed some of its weekly losses after depreciating to 18.40 weekly.
- US job data sparks recession fears as Initial Jobless Claims rise to 228K.
- US Nonfarm Payrolls are expected to decelerate from February’s 311K to 240K.
The Mexican Peso (MXN) snapped three days of consecutive losses and advances against the US Dollar (USD) due to a late improvement in risk sentiment. Therefore, the USD/MXN dropped from around the 20-day Exponential Moving Average (EMA) and trades at around 18.2285, down 0.04%.
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