{"id":202238,"date":"2023-11-28T19:05:58","date_gmt":"2023-11-28T13:35:58","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=202238"},"modified":"2023-11-28T19:05:58","modified_gmt":"2023-11-28T13:35:58","slug":"on-track-to-return-below-17-00-for-the-first-time-since-early-september-socgen-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/on-track-to-return-below-17-00-for-the-first-time-since-early-september-socgen-crypto-news\/","title":{"rendered":"On track to return below 17.00 for the first time since early September \u2013 SocGen – Crypto News"},"content":{"rendered":"

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The Mexican Peso has rallied 5.9% vs. the US Dollar this month. Economists at Soci\u00e9t\u00e9 G\u00e9n\u00e9rale analyze USD\/MXN outlook.<\/p>\n

17.70 is near term hurdle<\/h2>\n
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The MXN is on track to strengthen to 17.00\/USD for the first time since early September amid broad USD weakness.<\/p>\n<\/blockquote>\n

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The pair is expected to drift towards next potential supports at 17.00 and July\/August lows near 16.60.\u00a0<\/p>\n<\/blockquote>\n

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Confluence of 50-DMA and 200-DMA near 17.70 is near term hurdle.<\/p>\n<\/blockquote>\n

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The Banxico will release its quarterly inflation report on Wednesday. The forecast should be in line with those of November: average inflation steadily slowing to 4.4% in 4Q23 and 3.4% in 2024, with the average core slowing to 5.3% and 3.3%, respectively.<\/p>\n<\/blockquote><\/div>\n","protected":false},"excerpt":{"rendered":"

Share: The Mexican Peso has rallied 5.9% vs. the US Dollar this month. Economists at Soci\u00e9t\u00e9 G\u00e9n\u00e9rale analyze USD\/MXN outlook. 17.70 is near term hurdle The MXN is on track to strengthen to 17.00\/USD for the first time since early September amid broad USD weakness. The pair is expected to drift towards next potential supports […]<\/p>\n","protected":false},"author":2,"featured_media":112495,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[299,201,248,251,246,257,255,250,252,247,253,249,871,256,254],"class_list":["post-202238","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-banks","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-usdmxn","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/202238","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=202238"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/202238\/revisions"}],"predecessor-version":[{"id":202239,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/202238\/revisions\/202239"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/112495"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=202238"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=202238"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=202238"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}