USD/INR extends the rally amid India holiday

Share: Indian Rupee loses ground on the renewed US Dollar demand on Monday.  The Reserve Bank of India (RBI) anticipated a 6.5% expansion in the Indian economy from July to September. Indian GDP data (Q2) and US growth numbers (Q3) will be the highlight this week.  Indian Rupee (INR) edges lower on Monday

Mexican Peso sets for strong weekly gains versus the US Dollar

Share: Mexican Peso extends its rally, capitalizing on a weaker USD. Mexico’s GDP growth aligns with expectations and might refrain Banxico’s officials from easing monetary policy. Mixed US economic data, with improving business activity but a downturn in Manufacturing PMI, weighed on the USD/MXN pair. Mexican Peso (MXN) is set to finish the

Natural Gas extends losses to $3 as downside pressure mounts

Share: Natural Gas prices fall further as a ceasefire breakthrough in Gaza looks imminent.  The US Dollar trades in the red again for this week, erasing Wednesday’s gains. Natural Gas prices could decline to $2.70 in a worst case scenario.  Natural Gas (XNG/USD) is sinking this week as a ceasefire deal in Gaza

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US Dollar closes its worse week since July as investors bet on a dovish Fed

Share: The DXY Index stands at 103.90, seeing losses of around 0.40% and tallying a 1.60% weekly decline. Investors continue to digest the data reported throughout the week. The combo of cooling inflation and the labor market points to the Fed not hiking anymore. Fed’s Susan Collins was seen as hawkish on Friday.

Canadian Dollar holds onto Friday gains after a late-week risk-on push

Share: The CAD caught a bounce on risk appetite in early Friday trading. Industrial inflation figures in Canada print better than expected. US Dollar, Fed reaction is driving the market today. The Canadian Dollar (CAD) is looking to pare back some of Thursday’s losses, catching some support from bolstered Crude Oil bids, but

Mexican Peso erases its earlier gains ahead of next week Mexico’s inflation data

Share: Mexican Peso’s advance against the US Dollar halts, with USD/MXN bouncing from recent lows despite broad-based USD weakness. Banxico officials hint at a less restrictive monetary policy yet suggest gradual rate cuts. Upbeat US economic data and Federal Reserve officials’ resistance to early rate cuts propelled the USD/MXN up move. Mexican Peso