Thursday, October 15, 2026

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USD/MXN probes daily cloud top/61.8% Fib support by 15.28 on dovish Fed

USD/MXN edges lower after Fed holds rates, drops growth/rate forecast Probes daily cloud top/61.8% Fib support by 15.28, back above 15.30 '15 GDP forecast cut to 1.8-2% from 2.3-2.7%, '16/'17 FF target dropped by 25 bps …

By Jay L. Zagorsky
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • USD/MXN edges lower after Fed holds rates, drops growth/rate forecast

  • Probes daily cloud top/61.8% Fib support by 15.28, back above 15.30

  • '15 GDP forecast cut to 1.8-2% from 2.3-2.7%, '16/'17 FF target dropped by 25 bps

  • Majority sees 1st hike coming in 2015, Fed sees YE '15 FF at 0.625%

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By FxWirePro Team