Friday , 20 September 2024
Home Forex Mexican Peso trades sideways against US Dollar as US yields rise
Forex

Mexican Peso trades sideways against US Dollar as US yields rise

The Mexican Peso extended its gains for the second straight day after the Bank of Mexico (Banxico) decided to keep rates at 11.00% due to a reacceleration of inflation.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Crude Oil Technical Analysis – Testing a key resistance

Fundamental OverviewCrude oil continues to remain supported as the buyers might be...

BOE’s Mann: Policy needs to stay restrictive to purge inflationary behaviours

It is better to remain restrictive for longerWe can cut more aggressively...

Gold Technical Analysis – The fall in real yields drives the price higher

Fundamental OverviewThe Fed this week finally started its easing cycle and decided...

BOJ governor Ueda: Easy monetary conditions are in place as real rates remain negative

US economy achieving soft landing is our main scenarioIf US economy achieves...