USD/MXN Price News: Mexican Peso struggles to justify strong bullish options market signals above 17.00 – by anilpanchal7 USDMXN Mexico Options RiskAversion Markets
That said, the Mexican Peso pair dropped 0.15% on Wednesday even as Mexico’s inflation data for July came in softer than expected but were mixed when compared to the previous readings.USD/MXN drops as inflation cools down in Mexico, traders eye Banxico’s monetary policy decision
While portraying the options market bias, the one-month Risk Reversal of the USD/MXN pair, a measure of the spread between call and put prices, dropped the most in a month to -0.065 by the end of Wednesday’s North American trading session. Elsewhere, the US Dollar Index lacks clear directions near 102.50 after snapping a two-day losing streak as markets await the US inflation data, per the Consumer Price Index for July. Analysts’ expectations suggest an improvement in the headline CPI to 3.3% YoY versus 3.0% prior while the Core CPI, namely the CPI ex Food & Energy, may remain unchanged at 4.8%.Information on these pages contains forward-looking statements that involve risks and uncertainties.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USD/MXN drops as inflation cools down in Mexico, traders eye Banxico’s monetary policy decisionThe Mexican Peso (MXN) gains some traction as the USD/MXN pair edges lower after inflation data from Mexico portrays the deflationary process continues with success, ahead of Thursday’s by the Bank of Mexico (Banxico). At the time of writing, the USD/MXN trades at 17.0830, down 0.14%. USD/MXN dips as traders wait for US inflation data and Banxico’s decision The Instituto National of Estadistica Geografia e Informatica (INEGI) revealed the Consumer Price Index for July came below estimates of 0.49% MoM, at 0.48%, while annually based, hit 4.
Read more »
USD/MXN rallies above 17.3000 as US bond yields rise, ahead of US NFPThe Mexican Peso (MXN) plunges sharply against the US Dollar (USD), accumulating losses of 2% on Thursday and 4% in the week spurred by higher US Trea
Read more »
USD/MXN: Next objectives could be at 17.80 and April low of 18.00 – SocGenEconomists at Société Générale analyze USD/MXN technical outlook. Receding downward momentum USD/MXN deepened its downtrend towards potential support
Read more »
USD/MXN breaks above 17.0000 as sentiment turns sour, as Banxico likely to hold ratesThe Mexican Peso (MXN) weakens as the North American session progresses, down 0.82%, as the USD/MXN exchange rate looms around 17.0000 with strength f
Read more »
USD/MXN: Peso to weaken moderately from Q4 – MUFGThe Mexican Peso continued its appreciation path in July. Economists at MUFG analyze MXN outlook. Attention might gradually shift to presidential elec
Read more »
USD/MXN holds ground near the 17.00 mark, Mexico rate decision eyedUSD/MXN struggles to gain and holds above the 17.00 mark heading into the early European session on Wednesday. Market participants await the Mexican Consumer Price Index (CPI) data due later on Wednesday ahead of the monetary policy meeting by Banxico on Thursday. At the time of writing, the USD/MXN is trading at 17.08, with losses of 0.11%. The US trade data show a sluggish economic rebound and subdued global demand in the country. The US trade deficit narrowed sharply in June, with the figure coming in at $65.
Read more »