The Australian Dollar declines as the US Dollar experiences a technical upward correction. Australia’s Judo Bank Manufacturing PMI increased to 50.6 in February, up from 50.2 in January. RBA’s Bullock warned that an overly rapid or excessive monetary policy easing could hinder the disinflation process. The Australian Dollar (AUD) edges lower against the US Dollar … Read more
Japan’s Finance Minister, Katsunobu Kato, said early Friday that higher long-term rates can pressure Japan’s fiscal situation. Key quotes Sees higher Japanese government bond yields will increase debt-servicing costs. Warns higher debt-servicing costs may impact Japan’s finances. Will continue to aim for stable sales of Japanese government bonds. Market reaction At the press time, the USD/JPY pair is … Read more
Dow Jones drops over 1.40% to 43,980 as investor sentiment weakens. The US Dollar Index retreats below 106.90 after Trump hints at a potential trade deal with China. US Initial Jobless Claims miss estimates, raising concerns about labor market resilience. St. Louis Fed warns of inflation risks, while Atlanta Fed’s Bostic sees room for two … Read more
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