The USDMXN exchange rate is currently at 17.6534. If the rate goes beyond 17.85/18.00, it may lead to a continued increase in value towards 18.25 and 18.60, according to Societe Generale.

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USDMXN Chart by TradingView

USD/MXN has likely formed a tactical bottom after returning above 17.70 and failing to retrace below 17.00 last week, economists at Société Générale report.

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