The U.S. dollar traded higher against most peers on Wednesday amid risk-off sentiment. Compared to the Japanese yen, however, the greenback was largely flat, with USD/JPY fluctuating around the 149.75 level at the time of writing. The ongoing geopolitical conflict in the Middle East, stemming from Hamas attacks in Israel, continued to shape market dynamics,
Share: USD/MXN retreats from a two-day winning streak ahead of US economic figures. US Dollar faces a challenge after the weaker preliminary US Michigan Consumer Sentiment Index. Banxico is expected to keep interest rates higher; contributing support for the Mexican Peso. USD/MXN pulls back from the recent gains, trading lower around 18.0160 during the Asian
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 off
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 (USD)
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 edges lower by 0.48% on positive market sentiment and a weakened US Dollar. Despite hawkish remarks from Fed officials, the US Dollar remains under pressure, with the DXY marking minimal gains at 105.45. Upcoming political developments and potential credit rating revisions in Mexico may affect the Peso’s trajectory. The emerging market
Share: USD/MXN trades at 17.0741, down 0.19%, as the pair slides below the 20-day Moving Average, targeting the psychological 17.0000 level. Mixed US data, including a drop in inflation expectations, leaves investors uncertain about further Fed tightening beyond September. Technical outlook suggests downside risks below the 50-DMA at 17.0079 while reclaiming the 100-DMA
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
USD/JPY TECHNICAL ANALYSIS USD/JPY (U.S. dollar – Japanese yen) rallied strongly from mid-July through late August, but its bullish momentum has begun to fade over the past few sessions after prices failed to clear channel resistance at 147.35. Following this rejection, the pair has transitioned into what appears to be a consolidation phase, marked by
Share: Economists Société Générale analyze USD/MXN outlook ahead of Mexican first half-month inflation. Mid-month CPI data is set to show further deceleration The mid-month CPI data for Mexico is set to show further deceleration in the headline inflation to 4.61% from 4.78% and in core to 6.24% from 6.52%. The minutes of the
