Key Takeaways: 💵 More reserve managers plan to increase exposure to the U.S. dollar due to higher relative returns and global trade importance 🌍 The European Central Bank and the Bank of Canada are likely to lead the way in rate cuts 💹 The International Monetary Fund predicts global economic growth due to restrictive rates … Read more
Key Takeaways 💰 Mexican stocks fell over 6% and the peso weakened after election results 🇲🇽 Ruling party Morena poised to gain super-majority in Congress 📉 Peso hit a seven-week low against the dollar 📜 Fear of market non-friendly policies if Morena gains super-majority 🤝 Importance of maintaining market sentiment and investment-friendly policies 💼 Sheinbaum … Read more
Key Takeaways: 💰 Mexican stocks fell nearly 6% and the peso lost up to 4% against the dollar after the ruling party’s strong election showing 📈 Markets fear a super-majority in Congress might lead to constitutional changes and diminish checks and balances 🤔 Morena party’s potential two-thirds super-majority could pave the way for non-market-friendly policies … Read more
Key Takeaways 💵 The US dollar fell to a three-week low after soft manufacturing and construction spending data 📈 The dollar index dropped by 0.3% 🏭 US manufacturing sector shrank for the eighteenth time in nineteen months 🏗️ Construction spending slid unexpectedly for two consecutive months 📉 Fed funds futures increased chance of rate cut … Read more
Key Takeaways: 💸 Mexico’s peso dropped 4.1% against the dollar and stocks fell over 2% due to concerns about a Morena supermajority bringing potential constitutional changes. 📊 Throughout his tenure, President Lopez Obrador saw success in reducing poverty, increasing the minimum wage, and strengthening the peso, making him very popular. 🌐 Claudia Sheinbaum won the … Read more
Mexico Election Key Takeaways: 💸 Mexico’s peso dropped more than 3% against the dollar due to election results 📉 Peso hit a five-week low of 17.5020 to the dollar 💼 Markets fear Morena supermajority may lead to constitutional changes 🗳 Claudia Sheinbaum won a landslide victory in the presidential election 🌛 Morena party could pass … Read more
Key Takeaways: 💵 Dollar held steady as investors consider U.S. inflation slowing for potential Fed rate cut in 2024 🇮🇳 Indian rupee strengthened after favorable exit poll results for Prime Minister Modi 🇲🇽 Mexican peso weakened after ruling party victory in presidential election 🗓 Mega week ahead for financial markets with ECB rate decision and … Read more
Key Takeaways: 💵 Dollar stable as traders expect a later Fed rate cut 🇮🇳 Indian rupee strong following general election results 🇲🇽 Mexican peso rises after ruling party victory 📈 Markets expect around 37 basis points of Fed rate cuts this year 💼 Market uncertainty around Fed rate cuts and inflation targets 📈 Investors are … Read more
Key Takeaways: 💹 Most Asian currencies steady against the dollar due to in-line inflation data 📈 Indian rupee strengthens after exit polls favor BJP party for third consecutive win 🔮 Anticipation of interest rate cuts by ECB and Bank of Canada drives preference for risk-driven assets 🇺🇸 Caution over U.S. interest rates persists ahead of … Read more
Key Takeaways: 💰 Russia has eased forex sales requirements for exporters if contracts are paid in roubles 📜 President Putin signed a decree in October mandating reintroduction of capital controls 📉 Controls affected companies in various industries like fuel, energy, metal, chemical, timber, and grain 💸 Exporters were required to deposit 80% of foreign currency … Read more