The United States announced during the last week, economic information that they stimulated to the fall to the North American Dollar with regard to the Mexican Peso.
Two economic information stands out in the information that provide to them; Trade Balance, that pass of - 40.6 in January to - 46.3 in February (Billions of Dollars) and the Index of the Consumer Sentiment (University of Michigan), that pass from 77.5 to 68.2.
Additionally, the Earthquake that flog Japan made unexpected movings on the Forex Market, provoking for this pair of Currencies especially, that the USD was closing the week in his minimum level from the week of October 13, 2008 with regard to the Mexican Peso.
In the next two graphs with base in Japanese Candles, the first one it shows the behavior of the USD/MXN in the week from March 7 to March 11, which an AWR (Average Weekly Range) of 1860 pips and the second one that allows us to estimate as the USD this one in his minimums of last 29 months.
On March 15 at 13:15 (Central Hour of Mexico and United States) the FED will announce the Interest Rate Statment, in the matter no surprise is waited and everything indicates that they should confirm the current rate that is 0.25 %, with which we must wait again for an effect of depreciation of the American Dollar on the part of the Forex Market.
