Economists at Rabobank are not convinced that the recent rise in USD/MXN marks the start of a new trend of Peso weakness. USD/MXN set to turn back low
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The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.EUR/USD lost its bullish momentum and retreated below 1.0500 in the American session on Wednesday. Although the data from the US showed a loss of momentum in the service sector's activity, the cautious market stance helped the USD find demand and limited the pair's upside.GBP/USD reversed its direction and declined toward 1.2100 after rising to a daily high of 1.
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