The Mexican Peso (MXN) The Mexican Peso (MXN) trades mixed in its most heavily-traded pairs during the European session on Wednesday. It is falling against the Pound Sterling (GBP), however, which is broadly appreciating after the release of UK inflation data.
The Mexican Peso is trading mixed in its key pairs on Wednesday. It is weakening against the Pound Sterling after the release of UK inflation data. USD/MXN falls close to major support from a lower channel line and 50-day SMA. The Mexican Peso trades mixed in its most heavily-traded pairs on Wednesday. It is fallingagainst the Pound Sterling , however, which is broadly appreciatingafter the release of UK inflation data.
Based on the economic data alone, he said the “ economy is very close to an equilibrium level, except for the debt situation.” “Significant socio-economic and political factors, including polarization in both, were further variables to consider,” added Dalio. The probability of a larger 0.50% cut stands at 61%, as implied by 30-day Fed Funds futures prices according to the CME FedWatch tool, whilst the probability of a smaller 0.25% cut stands at 39%.
SEO Technical Analysis Fundamental Analysis
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mexican Peso falls as Mexican congress votes through controversial reformsThe Mexican Peso (MXN) edges lower in its most-traded pairs on the day named after the Norse god of thunder, extending the over-one-percent decline clocked up on Wednesday.
Read more »
Mexican Peso trades mixed as political risks offset support from monetary policy, trade disputesThe Mexican Peso (MXN) trades mixed on Tuesday during the European session after weakening over one percent in its most-traded pairs on the previous day.
Read more »
Mexican Peso surges as judicial reform moves forward, US data arrives mixedThe Mexican Peso rallied sharply against the Greenback on Thursday following the approval of the judiciary reform on Tuesday.
Read more »
Pound Sterling faces downside as bets for small Fed rate cut increaseThe Pound Sterling (GBP) holds the late Wednesday’s recovery move from the psychological support of 1.3000 to near 1.3050 against the US Dollar (USD) in Thursday’s London session.
Read more »
Pound Sterling jumps to near 1.3150 as Fed large rate cut bets soarThe Pound Sterling (GBP) extends its recovery to nearly 1.3150 against the US Dollar (USD) in Friday’s London session.
Read more »
GBP/USD Forecast: Pound Sterling rebounds on increasing odds of large Fed rate cutThe Pound Sterling (GBP) stalled its correction from over two-year highs against the US Dollar (USD) and staged an impressive comeback, with the GBP/USD pair having tested the critical 1.3000 threshold.
Read more »