USD/MXN collapses to 7-year lows despite risk-off sentiment in markets – by christianborjon USDMXN Currencies EmergingMarkets
dovish commentary ahead of the next week’s monetary policy meeting. Even though a risk-off impulse is present in the markets, the USD/MXN is trading at around 17.3600s after hitting a daily high of 17.3915.Sentiment remains deteriorated, as shown by US equities. Higher US Treasury bond yields cushion the USD/MXN from falling further, as investors bet the US Federal Reserve would hikein July after skipping the June meeting. The CME FedWatch Tool portrays odds for a 25-bps increase at 50.
Nevertheless, G10 central banks tightening monetary policy after skipping some rate-setting decisions keeps investors nervous about the Fed’s next move. During the last week, policymakers stressed that a pause is necessary to assess the impact of the cumulative tightening in the economy.featured the US Trade Balance, showing the deficit broadened in April, compared with March’s data. Numbers came at $-74.6B in April of 2023, vs. March’s $-60.B.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
USD/MXN plummets to fresh multi-year lows, beneath 17.4000 on upbeat Mexican dataThe Mexican Peso (MXN) achieved another multi-year high against the US Dollar (USD), as the USD/MXN pair tumbled past the previous year-to-date (YTD)
Leer más »
USD/MXN dips amidst US economy slowdown; MXN threatens new year-to-date lowsUSD/MXN drops close to 0.50% as the week begins, undermined by falling US bond yields, courtesy of mixed data, even though last week’s job report in t
Leer más »
Why Eden Muñoz Laced Regional Mexican’s Past & Present in ‘Ayer y Hoy’ AlbumThe forthcoming set is a collaborative effort with legends and emerging acts of Mexican music.
Leer más »
8 workers at Mexican drug cartel call center targeting Americans found deadU.S. and Mexican officials confirmed the brutal story that unfolded late last month when relatives of the youths reported them missing after they did not return from work in an office near the western city of Guadalajara.
Leer más »
Try this nod to Mexican elote in soup form as summer corn rolls inM. Eileen Brown adapts this recipe for Elote Corn Soup from one found at delish.com. It's a must-try when the fresh summer corn rolls in.
Leer más »
Father’s Day brunches in Houston: Restaurants offering holiday specialsFrom barbecue to Mexican, deli to iconic Texas fare, there’s a special menu for...
Leer más »