Share: USD/MXN edges lower by 0.48% on positive market sentiment and a weakened US Dollar. Despite hawkish remarks from Fed officials, the US Dollar remains under pressure, with the DXY marking minimal gains at 105.45. Upcoming political developments and potential credit rating revisions in Mexico may affect the Peso’s trajectory. The emerging market
Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter EUR/USD ANALYSIS EUR/USD has been falling on a sustained basis since mid-July more or less. This downward trend has been primarily driven by the contrasting economic performance of the United States and the
Fed’s Daly San Francisco Fed Pres. Mary Daly is a speaking (nonvoting member): We stood at this week on rates in recognition that we are closer to our destination. We are holding rates steady to collect information to see if more is necessary. Holding rates this week doesn’t predict what we will do next. We
Share: WTI is strung up near $89.00/bbl after slipping off of recent highs. US crude barrels briefly saw $92.00 in the midweek on continuing supply concerns. Price pressures have eased heading into the weekend, but prices are set to continue rising. West Texas Intermediary (WT) US crude oil is struggling to hold onto
> GM: We do have contingency plans, and will do what’s best for the company, and customers: GM responds to the increasing UAW strikes at parts and distribution centers Escalation of a strike by UAW’s top leadership is unnecessary We have now presented 5 separate economic proposals We will continue to bargain in good faith
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Major US stock indices are mixed now with the Dow Industrial Average note negative, and the S&P index trading above and below unchanged. The NASDAQ index is holding onto a 0.25% gain. A snapshot of the market currently shows: Dow industrial average -74.68 points or -0.22% at 33995.75 S&P index -0.13 points or unchanged at
Share: Federal Reserve Bank of San Francisco President Mary C. Daly said on Friday that the Fed kept interest rates unchanged this week in recognition that “we are closer to our destination”. She added that inflation is coming down, and the labor market is gradually adjusting. Regarding interest rates, Daly mentioned that they
> Stallantis: We have a real soluton on the table Stallantis responds to the UAW strikes Still have not yet received a response to Thursday’s offer We have a real solution on the table. Offer includes a long-term solution for Belvidere The offer includes current full-time employees earning between $80,000 and $96,000 a year by
Share: EUR/USD spends Friday trading into familiar territory. US PMIs kept the USD capped with a mixed print. USD on track to close out with weekly gains, but capped for the end of the week. The EUR/USD is trading into neutral ground heading into the end of the trading week, testing well-trodded ground
