USD/MXN dips as Fed rate hike cycle nears end, Banxico holds steady By Investing.com

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,

AUD/USD nears cycle low after Powell’s hawkish remarks

Share: AUD/USD fell more than 0.50%,  to a daily low near 0.6380. Jerome Powell opened the door to another hike in this tightening cycle. Rising US yields make the USD gain interest. At the end of the week, the USD gained ground against its rivals, mainly driven by the Federal Reserve’s (Fed) chairman, Jerome