The exchange rate witnessed a notable drop to 17.17 during European trading hours today, as market participants digest the culmination of the Federal Reserve’s interest rate hikes and anticipate further economic indicators from S&P Global PMI data. Earlier this week, on Tuesday, the Federal Open Market Committee (FOMC) released minutes that were perceived as hawkish,
Share: Mexican Peso climbed on Friday, but the USD/MXN shows weekly losses of more than 1%.. Banxico’s decision to maintain interest rates at 11.25% and a shift in language hinting at less hawkish future policy impacts the Peso. Federal Reserve Chair Jerome Powell commented that the Fed would not hesitate to adjust monetary
The Bank of Mexico chose to keep its highest benchmark policy rate at 11.25%, as expected, at its November 2023 meeting. This decision, the fifth consecutive pause, follows a series of 15 rate hikes since June 2021. Although annual headline inflation eased slightly in October to 4.26% from 4.45% in September, it remains high. Inflation
CRUDE OIL, MEXICAN PESO OUTLOOK Most Read: US Dollar Flies on Hawkish Powell – Setups on EUR/USD, USD/JPY, AUD/USD, Gold WTI crude oil prices are on the cusp of dipping below $75, marking the lowest point since July on a closing basis. This downward trend is fueled by speculations surrounding a slowdown in the economies
Share: USD/MXN consolidates in a tight range of 17.4000 – 17.5900 since Monday. Banxico is expected to keep interest rates unchanged at 11.25%, Investors await Fed Chair Jerome Powell’s conference to gain additional insights into the interest rate trajectory. USD/MXN treads water near 17.5000 during the European session on Wednesday. The pair has
Share: Mexican Peso gains as US Nonfarm Payrolls expand by only 150K, missing the 180K forecast. Weak US jobs report fuels speculation of multiple Fed rate cuts in 2024, as futures markets indicate. USD/MXN reacts to US labor market cooling, with the Peso hitting a two-month high and US Dollar Index falling. Mexican
Share: Mexican Peso appreciates more than 0.60% but fails to break support at the 20-day SMA. Mexico’s economic budget saw increased welfare pensions equivalent to 1.4% of the GDP. USD/MXN consolidates in the mid-North American session at around 17.40s. The Mexican Peso (MXN) remains firm versus the US Dollar (USD) on an improvement
Share: USD/MXN trades at 17.1222, up by 0.56%, recovering from a daily low of 16.9699. US Nonfarm Payrolls for August meet expectations, but the Unemployment Rate rise spurred an initial drop in USD/MXN. ISM Manufacturing PMI shows signs of improvement, helping the USD recover. The American Dollar (USD) recovered some ground against the
اشتراک گذاری: MXN ارز EM مورد علاقه Credit Suisse در طول H123 بوده است. این بانک همچنان سازنده نسبت به پزو است. انتظار می رود Banxico جلوتر از فدرال رزرو کاهش یابد شگفتی های ملایم داده های CPI بازارها را به این سمت سوق داده است که انتظار داشته باشند Banxico قبل از
اشتراک گذاری: USD/MXN حراج خود را در بحبوحه بهبود شاخص USD به بالای 17.60 تغییر داده است. شکست در افزایش سقف بدهی ایالات متحده می تواند اثرات فاجعه باری بر اقتصاد ایالات متحده داشته باشد. انتظار می رود Banxico سیاست نرخ بهره را بدون تغییر نگه دارد. جفت USD/MXN در حدود 17.60 بالشتک
