The United States will publish CPI and core CPI on September 11, at 15:30 MT time.
The USD/MXN has risen by more than 5,900 pips on tariff threats
President Donald Trump announced the 5% tariffs on Mexican goods until the country stops immigrants from entering the US. The tariffs will be applied on June 10. The tariffs could rise to 25% on October 1.
The USD/MXN has risen above the resistance at 19.67. The next resistance lies at 19.97. On the flipside, bears need to pull the pair below the 19.3686, 19.2618 and 19.1417 pivot levels to take back their strength. The support lies at 19.0349.
China's industrial rebound, progress in US fiscal stimulus and other important news in this article.
The market sentiment is mixed as investors weigh US stimulus package against the rising infections and worse-than-expected US unemployment claims. Jump in for fresh analysis of EUR/USD, USD/JPY, S&P 500 and gold!
US Initial jobless claims will be announced on Thursday at 15:30 MT time.