Do good, get good — that was the message delivered Wednesday to about 100 attendees of a youth conference in Roswell by its keynote speaker, actor Danny Trejo.
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(MENAFN - DailyFX) USD/MXN Forecast: Neutral Advertisement
The Mexican Peso hasn t fared too well this past week and is down 2.7% this week against four major currencies (USD , GBP , EUR , and JPY ).
USD/MXN has been able to consolidate a push above the 20 Pesos mark, gaining traction as the pair managed to break above the 76.4% Fibonacci at 20.18. The main objective for bulls is likely to be a push above the yearly high at 20.60, before attempting to reclaim the 21 Pesos mark.USD/MXN Daily chart
Some of the weakness attributed to the Mexican currency this week has to do with the power outages seen in Texas. Mexico is a big importer of natural gas from the United States and a reduction of roughly 75% in Texas pipelines has left the Latin American country concerned about its economic outlook as power shortages could make the recovery from the Covid-19 pandemic much more fragile.