The Mexican peso continues trading with a weak tone but in line with the global backdrop. EM FX continues to watch closely the result of negotiations in Greece with this event preventing a rally in the MXN over the past …
The Mexican peso continues trading with a weak tone but in line with the global backdrop.
EM FX continues to watch closely the result of negotiations in Greece with this event preventing a rally in the MXN over the past two days even in spite of a supportive macro fundamental backdrop.
Wednesday was the second day in a row that the peso lost ground vs. the USD and has so far lost 1% during the week closing yesterday at USD-MXN 15.50.
According to Commerzbank's estimation, the peso still has fundamental strength to justify stronger levels once the volatility surrounding any event in Europe clears and markets have a better definition on when to expect the US Fed to start withdrawing stimulus.
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…
