Both Dow and Peso Jump on US-Mexico Deal, But Can They Continue? (Trading Video)

Trade War Talking Points:

• Weekend news that the US would not trigger a 5% tariff on all Mexican goods spurred a USDMXN drop and supported the broad risk bid
• There remains evidence that speculative reach doesn't have firm footing with trade wars and GDP weighing while markets await the Fed
• Dollar's trend channel breakdown has scuttled the chance for immediate follow through with a mixed backdrop and 200 DMA still holding

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