Key Takeaways 💵 Dollar bounced after falling to lowest against euro, sterling, and Swiss franc 📈 Yen powered 0.6% higher for a second day of gains 🌍 Euro down 0.4% at $1.0863 📊 Dollar index up 0.27% at 104.32 after falling to lowest since mid-April 💼 U.S. job openings data could determine future dollar trend … Read more
Key Takeaways: 💵 The U.S. Dollar edged higher and the Euro slipped lower following weak German employment data 📉 Signs of economic weakness may prompt the Federal Reserve to cut interest rates later this year 🔍 The JOLTs job openings data is important to watch for insights into Friday’s payroll figures 💹 The European Central … Read more
Key Takeaways: 💶 Euro rose above 1.09 against the US dollar as traders await potential market-moving events 📊 EUR/USD pair climbs despite low FX options market enthusiasm 🏦 European Central Bank meeting and US jobs data are upcoming key events for the market 🇸🇪 Swedish krona strengthened following positive manufacturing PMI data 👀 Investors focusing … Read more
Key Takeaways: 💰 Mexican stocks fell over 6% and the peso closed at its weakest against the dollar since November due to concerns of the ruling party getting a super-majority in Congress 🗳️ Morena party won big in elections, raising fears of constitutional reforms without opposition support 📉 Peso hit a seven-week low against the … Read more
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