Mexican Peso stabilizes after depreciating on US-inspired weakness
The Mexican Peso (MXN) stabilizes on Wednesday after a three-day run of weakness spurred by a mixture of investor fears about the impact of President-elect Donald Trump’s trade and immigration agenda on Mexico, a generally risk-off tone to markets outside of the United States (US) (which tends to impact the risk-sensitive Peso disproportionately), and expectations that the Bank of Mexico (Banxico) will cut its main interest rate by 25 basis points (bps) (0.25%) at its up-and-coming meeting on Thursday.
EUR/CAD finds interim support near 1.4800, downside bias stays afloat
The EUR/CAD pair discovers temporary support near the round-level support of 1.4800 in European trading hours on Wednesday.
Gold crashes as USD surges, focus on US inflation data
Gold prices dropped below $2,600 for the first time since mid-September on Tuesday as the Greenback extended its gains and hit a six-month high, according to the US Dollar Index (DXY).
Mexican Peso plunges for third straight day, US inflation data eyed
The Mexican Peso extends its losses against the Greenback on Tuesday on risk aversion due to US President-elect Donald Trump’s first appointments to his cabinet.
Mexican Peso extends losses for third day in a row amid tariff fears
The Mexican Peso (MXN) depreciates in its main pairs as it continues its run of weakness into the third day on Tuesday.
last updated on 23 Nov 08:14