USD/MXN darts higher as bulls target the 20.70 resistance

The USD/MXN pair rose by more than 1.1% today in reaction to the overall stronger US dollar and the weak crude oil prices. It is trading at 20.1925, which is the highest level since December 21.  Stronger US dollar The dollar is rising today as traders react to the rising number of coronavirus cases in China, Europe, and the United States. In China, the government has placed a lockdown in Hebei province to prevent the cases from rising. Hebei neighbours Shanghai and is home to more than 11 million people. The current lockdown happened as the number of cases in