Banxico: External conditions deteriorated in significant way
The Mexican central bank raised the overnight rate to 4.25% from 3.75%.
The USDMXN has fallen sharply on the announcement. Looking at the daily chart, the price has moved back down toward the pre-Brexit lows. The low at 18.0750 and 18.0978 are the next targets, followed by the 100 day MA at the 18.0140. The price has not closed below the 100 day MA since May 4.