Western Union notes: The Mexican Peso has been firming up against the US dollar after hitting the lowest ever level in early June. Higher Crude Oil prices and a weaker US Dollar has helped it consolidate. The Mexican Pes…
The Mexican Peso has been firming up against the US dollar after hitting the lowest ever level in early June. Higher Crude Oil prices and a weaker US Dollar has helped it consolidate.
The Mexican Peso got some support from Fund Manager Bill Gross who remarked that he is bullish on Mexico and is of the view that the Mexican Peso is 15 to 20 percent undervalued.
Last week the Mexican Central Bank held rates steady, amid weakness in the economy it expected inflation to be contained at around 3 percent and the weakness in the Mexican Peso is not expected to feed through into higher inflation due to the weak domestic demand.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
