USD/MXN sinks after a soft US Nonfarm Payrolls report, risk appetite improvement

Share: USD/MXN drops more than 1.50%, but clings to the 17.0000 psychological level. US jobs data came soft, thus decreasing the chances for additional tightening by the Federal Reserve. Upcoming economic data includes the US inflation report, Balance of Trade, and Fed speakers, while in Mexico, Consumer Confidence and inflation rate will be

Fed still on track for a September hike after non-farm payrolls – CIBC

CIBC continues to believe the Federal Reserve will raise rates by 25 basis points once again in September. The below consensus hiring and past downward revisions suggests that the labor market is coming into better balance. Still, the drop in the unemployment rate and solid wage growth will keep the Fed on track for a

Asia FX flat, dollar steadies ahead of nonfarm payrolls data By Investing.com

© Reuters. Investing.com — Most Asian currencies moved in a tight range on Friday, while the dollar steadied after a strong week as markets awaited more economic signals from key U.S. payrolls data due later in the day. The dollar was headed for a third straight positive week, tracking a bounce in Treasury yields as