The US DXY index falls below 106.50 amid trade optimism. Trump signals potential easing of China tariffs before April deadline. US Jobless Claims disappoint, rising above market expectations. Fed officials voice concerns over inflation risks and economic outlook. The US Dollar Index (DXY), which tracks the US Dollar’s (USD) performance against six major currencies, extends its … Read more
Mexican Peso appreciates, shrugging off dovish Banxico stance, weaker economic outlook. Mexico’s December Retail Sales exceed estimates but slow from prior month. Banxico minutes reaffirm dovish stance, highlighting progress on disinflation. Q4 GDP final reading expected to confirm economic slowdown on Friday. The Mexican Peso staged a comeback, rising over 0.23% against the Greenback. Retail … Read more
Banxico sees Q4 2024 GDP contraction, with 2024 growth slowing to 1.5%. Inflation falls to 3.69%, within Banxico’s 2-4% target range. Most members anticipate further inflation decline, keeping the rate-cut path open. Banco de Mexico, also known as Banxico, revealed its monetary policy minutes for the decision announced on February 6. The central bank decided … Read more
The German DAX has been in a very strong recovery for the last two months, significantly outperforming US indexes since the start of the year. Source link
The US Dollar softer on Thursday against major currencies. US President Donald Trump sees a deal with China as a possible outcome. The US Dollar Index (DXY) erases Wednesday’s gains and dips below 107.00 after a firm upside rejection on Wednesday. The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against … Read more
AUD/USD advances to near 0.6380 as upbeat Aussie employment data is likely to force traders to pare RBA dovish bets. On Tuesday, the RBA cut its OCR by 25 bps to 4.10%, the first interest rate cut in more than four years. Higher US Initial Jobless Claims have weighed further on the US Dollar. The … Read more