USD/MXN has traded above the 18.00 level. Economists at ING analyze the pair’s outlook. Mexican Peso should be supported on dips There is outside risk
that USD/MXN does trade 18.50/18.75 should US Treasury 10-year yields hit 5.00%+, but again we expect to see good demand for Peso on dips.
Regarding Banxico, the market has priced out 75 bps of the expected Banxico easing cycle since the Fed’s hawkish meeting on Sep 20th. No change is priced in policy for the next six months. Keep a close watch of Banxico voting patterns . However, this seems unlikely while USD/MXN is above 18. MXN can survive looser fiscal policy into a 2024 election year.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USD/MXN hovers above 18.0100 ahead of US Retail SalesUSD/MXN pulls back from the recent gains, trading lower around 18.0160 during the Asian session on Monday. The pair is facing challenges after the rel
Read more »
10-year Treasury yield rises as investors consider economic outlookU.S. Treasury yields were higher on Monday as uncertainty about the path ahead for monetary policy, as well as geopolitical concerns, continued.
Read more »
10-year Treasury yield rises as investors consider economic outlookU.S. Treasury yields were higher on Monday as uncertainty about the path ahead for monetary policy, as well as geopolitical concerns, continued.
Read more »
10-year Treasury yield rises as investors consider economic outlookU.S. Treasury yields were higher on Monday as uncertainty about the path ahead for monetary policy, as well as geopolitical concerns, continued.
Read more »
S&P 500 futures up cautiously amid Mideast tensions, rising Treasury yieldsJamie Chisholm is a markets reporter based in London.
Read more »
Australian Treasury proposes to regulate crypto exchanges, not tokensThe Australian Treasury has released its latest consultation paper on cryptocurrencies, where it says that crypto exchanges will be required to apply for a financial services licence.
Read more »