Gold declines as Trump’s win reduces political risk; focus on potential inflationary policies. US Dollar recovery pressures Bullion despite lower Treasury yields. Powell signals gradual rate adjustments, leaving Fed’s future path open amid economic strength. Gold prices had fallen on Friday as the Greenback stages a recovery despite falling US Treasury yields. Traders continued to […]
Mexican Peso weakens on fears of Trump-imposed tariffs on Mexican imports. Banxico expected to cut rates by 25 bps as inflation approaches 3% target. Upcoming US and Mexico economic data, including consumer confidence and Banxico decision, may add to Peso’s volatility. The Mexican Peso is against the ropes versus the Greenback on Friday, with the […]
The Pound Sterling faces mild selling pressure on Friday even though the BoE favored a more gradual rate-cut path. Both the Fed and the BoE cut interest rates by 25 bps on Thursday. The Fed is expected to cut its key borrowing rates by 25 bps again in December. The Pound Sterling (GBP) trades lower against the US Dollar […]
The Indian Rupee trends lower in Friday’s early European session. The Indian equity selloff and the rise in crude oil prices continue to undermine the INR. The advanced US November Michigan Consumer Sentiment data and Fed Bowman’s speech will be the highlights on Friday. The Indian Rupee (INR) weakens on Friday. The local currency depreciated […]
The Dow Jones reached a new record high after Trump looks set to beat Harris into the White House. A decisive election result is tipping stocks into a frenzy on hopes for deregulation. The Dow Jones is up 3.6% for the week with banking stocks charging to the top. The Dow Jones Industrial Average (DJIA) […]
Crude Oil recovers from an earlier 3% drop on the back of the US presidential election falling in favor of Trump. Tropical storm Rafael’s impact for the Gulf fades into the background while Trump secures a new term as US President. The US Dollar Index rallies firmly and gains nearly 2% on Wednesday. Crude Oil […]
The Mexican Peso trades little changed as traders await news of the US presidential election. The winner could have a significant impact on the Peso in the days to come. Technically, USD/MXN continues to trade below the opening chart gap it formed when it broke lower on Monday. The Mexican Peso (MXN) fluctuates between tepid […]
Mexican Peso tanks as USD/MXN rises over 1.50% weekly, reaching new yearly highs. US Dollar Index climbs as Treasury yields jump, boosting Greenback strength. Mexican economic data shows resilience, but US elections add uncertainty for emerging market currencies. The Mexican Peso depreciated sharply against the Greenback on Friday and recorded new yearly highs of 20.29, […]
US Dollar finds supports after NFPs
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US Dollar retreated after posting solid gains in recent weeks. Nonfarm Payrolls increased by 12,000 in October, falling short of market expectations. Markets remain almost fully pricing in a 25 bps cut by the Fed next week. The US Dollar Index (DXY), which measures the value of the USD against a basket of six currencies, […]
AUD/USD declines due to modest US dollar gains after a packed economic calendar. Weak Chinese PMIs weigh on the Australian Dollar. RBA expected to maintain a hawkish stance, supporting AUD/USD, but concerns over China’s economy linger. The AUD/USD pair declined by 0.40% to 0.6560 in Friday’s session, pressured by a modest US dollar recovery and […]
US positive labor market data was initially bearish on the USD, but the currency recovered losses. The ISM Manufacturing PMI came in weaker than expected, suggesting a contraction in the manufacturing sector. Canadian Dollar remains under pressure due to rate cut expectations. The USD/CAD currency pair saw a mild decline in Friday’s session, reaching a […]
The Mexican Peso pares gains main from resilient Q3 GDP growth and nears the weekend mixed. Multiple risk factors weigh including the risk of Trump tariffs, Banxico interest-rate cuts and domestic political jitter. USD/MXN faces tough resistance just above the key 20.00 handle as bulls try to push higher. The Mexican Peso (MXN) trades mixed across […]
