USD/MXN advances amid global risk-aversion and strong US Dollar – by christianborjon USDMXN Currencies EmergingMarkets
from China shifted sentiment sour while the greenback rose. At the time of writing, the USD/MXN is trading at 17.1488, with gains of 0.52%.
Aside from this, the economic agenda in the United States revealed that its trade deficit shrank in June, as revealed by the US Commerce Department. Exports came at $247.5 billion, below May’s $247 billion, while Imports dipped to $313 billion from $316.1 billion the prior’s month. Hence, the Trade Balance came at $-65.5, a tick higher than the $-65 billion estimated but below the previous reading of $-68.3 billion.
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