Forex Analysis Report – 6/11/19…USD/MXN Bouncing Around, But Consolidating???

Late Friday, President Donald Trump tweeted that he had suspended plans to impose tariffs on Mexico after reaching a deal with that country over stemming the flow of illegal immigration. But he warned Mexico in a series of tweets on Sunday that if cooperation should fail, “we can always go back to our previous, very profitable, position of tariffs.”The Mexican peso surged on Monday, benefiting from news the U.S. won’t impose trade tariffs after a deal was reached between the two nations.Mexico’s peso USDMXN, +0.0083%   jumped 2.2% against the dollar. The buck was buying 19.198 pesos, compared with 19.624 pesos

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