Mexican Peso Surges on Fed Rate Cut Expectations
The Mexican Peso has rallied sharply against the US Dollar, driven by the Federal Reserve’s announcement of an impending interest rate cut. The US Dollar has weakened significantly, with the DXY index falling to a new yearly low. The Mexican Peso’s gains are also supported by the recent release of positive economic data, including a […]
US Dollar Holds Steady Ahead of Jackson Hole
The US Dollar has maintained a relatively stable position, with the DXY index trading near its opening level. Market participants are keenly awaiting Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole Symposium, which is expected to provide clarity on the central bank’s monetary policy outlook. Economic Data and Market Sentiment The release of […]