Tag Archives: Peso
Mexican peso weakens with judicial reform concerns
The Mexican peso fell to its lowest level since December 2022, driven by political uncertainties surrounding constitutional reforms and growing economic challenges. Investor confidence wavers as concerns over judicial independence and weak economic data persist. -vtmarkets.com
Emerging Asian currencies and stocks surge anticipating Fed decision
Emerging Asian currencies and stocks experienced gains on Wednesday as traders awaited the US Federal Reserve’s policy decision. The South Korean won and the Thai baht led the way among currencies, rising by 0.6% and 0.5%, respectively.
Asian currencies face challenges as markets react to Trump attack fallout
The dollar index (DXY) last traded at 104.210 against a basket of major currencies. Despite the holiday in Japan halting cash U.S. Treasuries trading, the 10-year Treasury futures trended lower.
Mexican peso strengthens as Banxico maintains cautious stance in rising inflation
The Mexican peso rebounded against a weaker US dollar and the cautious stance on inflation by Banxico. Read more about the market implications and forecasts.
Mexican peso nears 15-month low following economic data and political uncertainty
Key points: The Mexican peso weakened to 18.4 per USD, approaching its fifteen-month low of 18.75. Markets are reacting to the latest rate decision by Banxico and recent economic data. The central bank, Banxico, maintained its interest rate at 11% during its June meeting, aligning with market expectations and underscoring its commitment to controlling inflation,Continue Reading