![Mexican Peso gains against US Dollar after US consumer sentiment dips, dovish Fed remarks Mexican Peso gains against US Dollar after US consumer sentiment dips, dovish Fed remarks](https://shmi.ir/wp-content/uploads/2023/10/Mexican-Peso-gains-against-US-Dollar-after-US-consumer-sentiment-150x203.jpg)
[ad_1] Share: Mexican Peso stalls the USD/MXN rally towards 18.00, as the pair clings to losses of 0.02%. The University of Michigan consumer sentiment indicates growing pessimism amongst Americans as inflation expectations rise. Dovish comments from Fed officials, including Philadelphia Fed President Patrick Harker, suggest a rate hike pause. Mexican Peso (MXN) calmly stands
![AUD/USD slides to weekly lows amid risk-off mood mixed US data AUD/USD slides to weekly lows amid risk-off mood mixed US data](https://shmi.ir/wp-content/uploads/2023/10/AUDUSD-slides-to-weekly-lows-amid-risk-off-mood-mixed-US-150x203.jpg)
[ad_1] Share: AUD/USD touches new weekly lows at 0.6289, trading with losses of 0.32%. The University of Michigan’s Consumer Sentiment in the US deteriorates, with inflation expectations rising. China’s struggling economy and Middle East geopolitical tensions further dampen AUD sentiment. The Australian Dollar (AUD) touched new weekly lows of 0.6289 against the US
![GBP/JPY holds steady near multi-week high, 184.00 remains in sight ahead of UK macro data GBP/JPY holds steady near multi-week high, 184.00 remains in sight ahead of UK macro data](https://shmi.ir/wp-content/uploads/2023/10/GBPJPY-holds-steady-near-multi-week-high-18400-remains-in-sight-150x203.jpg)
[ad_1] Share: GBP/JPY sticks to modest intraday gains near the multi-week top touched earlier this Thursday. The BoJ’s dovish stance, a positive risk tone continues to undermine the JPY and lend support. Traders now look to the UK macro data before positioning for any further appreciating move. The GBP/JPY cross now seems to
![Canadian Dollar easing back as Crude Oil pressures wane Canadian Dollar easing back as Crude Oil pressures wane](https://shmi.ir/wp-content/uploads/2023/10/Canadian-Dollar-easing-back-as-Crude-Oil-pressures-wane-150x203.jpg)
[ad_1] Share: Canadian Dollar is easing off the pressure as Crude Oil prices soften. Canada economic data remains thin for the week, US data dominating the market. US inflation data to remain key market driver for the back half of the trading week. The Canadian Dollar (CAD) is stepping back slightly on Wednesday,
![Foreign corporate investment collapsing in China Foreign corporate investment collapsing in China](https://shmi.ir/wp-content/uploads/2023/10/Foreign-corporate-investment-collapsing-in-China-150x203.jpg)
[ad_1] Share: With the Chinese Yuan depreciating against the US Dollar, keeping the USD/CNY pinned into yearly highs, economists at Nataxis note that things could continue to deteriorate for the Renminbi as foreign direct investment in China has collapsed recently, sparked by hostility from the Chinese government towards foreign corporate entities and a
![NZD/USD struggles to capitalize on its modest intraday bounce, remains below 0.6000 mark NZD/USD struggles to capitalize on its modest intraday bounce, remains below 0.6000 mark](https://shmi.ir/wp-content/uploads/2023/10/NZDUSD-struggles-to-capitalize-on-its-modest-intraday-bounce-remains-150x203.jpg)
[ad_1] Share: NZD/USD fills a modest weekly bearish gap opening, though the upside potential seems limited. Geopolitical tensions benefit the safe-haven USD and act as a headwind for the risk-sensitive Kiwi. The uncertainty over the Fed’s rate-hike path caps the USD upside and lends support to the major. The NZD/USD pair attracts some
![Rallies to a four-day high, above 158.00 Rallies to a four-day high, above 158.00](https://shmi.ir/wp-content/uploads/2023/10/Rallies-to-a-four-day-high-above-15800-150x203.jpg)
[ad_1] Share: EUR/JPY touches a four-day high of 158.26, buoyed by a sharp rally in EUR/USD, before settling around 158.05. Despite breaching the Ichimoku Cloud, immediate resistances at 158.47 and 158.65 cap further upward momentum. Potential downside could see the pair target 156.45, with further declines possibly testing the October 3 low of
![AUD/USD rebounds to 0.6400 on US Dollar’s NFP-fueled retreat AUD/USD rebounds to 0.6400 on US Dollar’s NFP-fueled retreat](https://shmi.ir/wp-content/uploads/2023/10/AUDUSD-rebounds-to-06400-on-US-Dollars-NFP-fueled-retreat-150x203.jpg)
[ad_1] Share: The AUD/USD caught a much-needed bid in Friday trading after the US NFP report clobbered forecasts. The Aussie still remains buried deep in bear country after falling to fresh lows for 2023 in the early week. Market focus is set to crystallize on US inflation expectations next week. The AUD/USD etched
![Mexican Peso gains daily but marks fourth consecutive weekly loss Mexican Peso gains daily but marks fourth consecutive weekly loss](https://shmi.ir/wp-content/uploads/2023/10/Mexican-Peso-gains-daily-but-marks-fourth-consecutive-weekly-loss-150x203.jpg)
[ad_1] Share: Mexican Peso gained on Friday but printed more than 4% weekly losses. Mexico’s economic docket will feature inflation data in the next week. USD/MXN set to extend its gains after printing a new cycle high at around 18.48. Mexican Peso (MXN) finished the week with solid gains vs. the US Dollar