USD/MXN retreats as US trade policies overshadow economic data. Mexico’s inflation beats forecasts, but Banxico still expected to cut rates on March 27. USMCA four-week exemptions are secured, but tariffs on steel and aluminum remain in place. US Dollar weakens despite solid NFP; markets price in 80 bps of Fed cuts in 2025. The Mexican … Read more
US President Donald Trump took time out of his Oval Office address to deliver new information about impending tariffs on Canada. While addressing the press in the White House, President Trump lobbed a fresh tariff threat, which may or may not come today, or on Monday, or on Tuesday. The statement comes less than 24 … Read more
DXY plunges further, losing over 3.5% this week. February’s Nonfarm Payrolls miss expectations and the unemployment rate rises. Fed officials signal multiple rate cuts in 2025, fueling more USD weakness. Tariff uncertainty continues as President Trump hints at new Canada levies. The US Dollar Index (DXY) extends its brutal slide on Friday, heading for its … Read more
Federal Reserve (Fed) Board of Governors member Adriana Kugler hit newswires with cautionary comments on Friday that whiplash trade policies could do a lot of damage, including pinning inflation at a persistently higher level. Key highlights It is possible that we’ll see more persistent inflation due to policies. I am paying a lot of attention … Read more
The Dow Jones dipped to fresh lows before rebounding after NFP data print. The US added less jobs than expected in February while unemployment ticked higher. Previous wages, unemployment, and NFP net job gains were all revised lower. The Dow Jones Industrial Average (DJIA) struggled on Friday, falling to a fresh seven-week low below 42,200 … Read more
Federal Reserve Governor Michelle Bowman, regarded as one of the bank’s most hawkish policymakers, indicated that she might place greater emphasis on labour market indicators when considering future policy decisions. Key Quotes Labor market, economic activity will become a larger factor in US central bank policy discussions going forward. Shocks, structural changes since Covid-19 pandemic … Read more