Mexican Peso stabilizes after weak data and Banxico comments trigger sell-off

The Mexican Peso (MXN) fell over 1.20% in its most traded pairs on Monday after a combination of weak Mexican Consumer Confidence data for July, dovish comments from Mexico’s central bank governor and rising geopolitical concerns weighed.
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USD/CNH: A sustained break below 7.1700 is imminent – UOB Group

The US Dollar (USD) is likely to trade in a sideways range of 7.1700/7.1880.
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