Forex: USD/MXN dips to session lows

FXstreet.com (Barcelona) - The Mexican peso is gathering pace against the greenback on Tuesday, after the Aztec economy posted an annualized inflation of 4.25% in March, higher than February’s 3.55%. The Core Inflation during the same period rose 0.30%, below the previous raise of 0.51%.

Ahead in the week, the Mexican economy will publish the results of the Industrial Output during February.

At the moment, the cross is losing 0.56% at 12.1270 with the next support at 12.0000 (low Aug.9 2011) followed by 11.5240 (low Jul.7 2011).
On the flip side, a break above 12.2200 (high Apr.8) would the target 12.2983 (MA10d).