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3 Numbers: Mexican peso likely to plumb new lows in Trump era

From tradingfloor.com

It’s a light day for scheduled economic news, but the potential for market-moving events won’t suffer with a new speak-your-mind President at the helm in the US. The main event for formal numbers is January’s flash data for the European Union’s Consumer Confidence Indicator. Meanwhile, keep your eye on how the crowd reacts to the power shift in Washington via the US 10-year Treasury yield and the Mexican peso versus the US dollar (USDMXN). Eurozone: Consumer Confidence Indicator (1500 GMT) Inflation has been picking up lately, nearly doubling in December to a 1.1% annual pace vs. the previous month. But that didn't ... (full story)

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