Share: The Mexican Peso hit a 15-week high against the US Dollar on Friday. Mexico’s unadjusted Trade Balance hit a nine-month high in November. Friday marks the last trading day before the holiday break. The Mexican Peso (MXN) rallied to a fresh … [Continue reading]
Mexican Peso taps multi-month high in broad-market Greenback selloff
Share: The Mexican Peso hit a 15-week high against the US Dollar on Friday. Mexico’s unadjusted Trade Balance hit a nine-month high in November. Friday marks the last trading day before the holiday break. The Mexican Peso (MXN) rallied to a fresh … [Continue reading]
AUD/USD extends its rally beyond 0.6800 awaiting US PCE data
Share: The Aussie rallies further on USD weakness and hits fresh highs above 0.6800. The US Dollar languishes at multi-month lows ahead of the US PCE Inflation data. The Aussie will be one of the best performers in 2024 – ING. The Australian … [Continue reading]
USD/INR: Forecast at 83.50 by 1Q2024 and 82.00 by end-2024 – MUFG
Share: Economists at MUFG Bank are cautious on INR in the near-term, but see scope for USD/INR to fall over the longer-term Cautious near-term before bond index inclusion flows kick in We remain cautious on INR in the near-term and forecast USD/INR … [Continue reading]
USD/INR trades flat ahead of US PCE data
Share: Indian Rupee trades around a flatline amid the USD weakness. Upbeat Indian growth prospects and substantial foreign investor equity inflows might cap the INR’s downside. The release of the US Core Personal Consumption Expenditure Price Index … [Continue reading]
AUD/USD gains ground above 0.6800, US PCE data eyed
Share: AUD/USD holds above 0.6800 amid the USD weakness. US Q3 GDP grew at a 4.9% annualized rate, missing the expectation of 5.2%. The RBA indicated in its December minutes that there are upside risks of inflation, and the policy setting … [Continue reading]
Mexican Peso tests back into recent highs as risk appetite rebounds
Share: Mexican Peso propped up by recovering market sentiment. Mexico Trade Balance due Friday to be overshadowed by US PCE Price Index inflation. Surprise drop in US inflation indicators pins risk appetite despite overall mixed bag. The Mexican … [Continue reading]
Gold Price Forecast: XAU/USD has limited upside in the short-term – ANZ
Share: Economists at ANZ Bank believe Gold’s recent price rally is ahead of fundamentals. A steady rate and falling inflation could see real rates rising, capping the rally in the short-term. Q1 2024 forecast lowered to $1,950 Softening US economic … [Continue reading]
USD/CHF Price Analysis: Consolidates above 0.8600 ahead of US core PCE data
Share: USD/CHF remains choppy above 0.8600 ahead of Fed’s preferred inflation tool. The appeal for the US Dollar remains bearish as rate cut expectations by the Fed deepen. USD/CHF may continue its downside journey towards 0.8555. The USD/CHF pair … [Continue reading]
USD/INR gathers strength ahead of US GDP data
Share: Indian Rupee drifts lower amid the modest rebound of the USD. The Reserve Bank of India’s (RBI) monthly bulletin emphasized a strong warning on inflation. Market players will focus on the US GDP for Q3, due later on Thursday. Indian Rupee … [Continue reading]