The Mexican peso validates Friday’s rises against the dollar. USD/MXN with support at 19.90m followed by 19.80. USD/MXN remains below 20.00, giving signs of strength for the Mexican peso. The pair started off at weekly lows around 19.90, before bouncing back toat 20.02, but quickly pulled back towards 19.95. The short-term bias continues to the […]
Tag: Foreign exchange
USD/MXN falls below 20.00 to a three-day low after US jobs report.
The dollar falls after US employment data. Mixed figures on the evolution of the labor market in August. USD/MXN plummets after data towards 20.00. The USD/MXN fell sharply from 20.13 to 20.01, after the release of the US employment report for August, which pushed the greenback down in the market. The pair hit three-day lows […]
USD/JPY above 140.00, at the highest since 1998 before the employment report
The yen remains weak on all fronts. USD/JPY firm above 140.00, supported by monetary policy divergence. Growing expectation for the US August employment report. The USD/JPY is trading around 140.30, at a price level not seen since 1998. The pair reached as high as 140.42 and then pulled back slightly to 140.10. The focus is […]
GBP/USD hits new two-year low below 1.1550
The pound remains under pressure, while the dollar gains momentum. Treasury yields up, support DXY. GBP/USD getting closer to the 2020 low. The GBP/USD remains in negative territory and at the lowest levels in two years, near 1.1550, before a firmer dollar throughout the market. The pair hit a new two-year low after US jobless […]
EUR/USD falls to the 1.0000 zone on a stronger dollar
The euro cuts with three days of rises against the dollar. EUR/USD remains slightly bullish in the very short term, but without strength. Ahead: US data on manufacturing and jobless claims. The EUR/USD is cutting three days higher and losing ground on Thursday against a firmer dollar. The pair recently fell to 1.0001 and then […]
GBP/USD hits new two-year low below 1.1600
The pound continues to be under pressure in the market. GBP/USD falls for the fourth day in a row. The dollar with mixed results, without clear direction on Wednesday. The GBP/USD is falling for the fourth day in a row, recently hitting a new two-year low at 1.1598, before embarking on a small bounce. The […]
USD/MXN hits 1-week highs near key 20.25 zone
Mexican peso falls against the dollar, but less than other emerging market currencies. USD/MXN with limited upside as long as it remains below 20.25. USD/MXN is rising modestly on Wednesday and continues to pressure the second half of August highs near 20.25. The cautious climate in financial markets is being a negative factor for emerging […]
EUR/USD falls below 1.0000, to two-day lows
A stronger dollar pushes EUR/USD below parity again. Intraday outlook favors the dollar, although the price remains in the recent range. European and US bond yields continue to rise. EUR/USD was unable to break above 1.0050 and reversed direction, falling to 0.9970, the lowest level in two days. The pair remains below parity with a […]
USD/CHF continues to rise and tests 0.9750, the franc among the weakest
The Swiss franc among the weakest in the market, affected by expectations of rate hikes in Europe. Dollar modestly, DXY remains in recent range. USD/CHF tests the resistance at 0.9750. USD/CHF rose as high as 0.9749, reaching the highest level in almost three weeks. The pair remains in the high zone, and accumulates a rise […]
USD/JPY pulls back from 139.00, finds support above 138.00
USD/JPY is falling on Tuesday correcting Monday’s advance. Price remains close to key 140.00 zone. The dollar loses strength due to stability in bond yields and rises in the stock markets. The USD/JPY extended the retracement from 139.00 and fell to 138.03 on Tuesday, marking a new daily low. The pair is trading around 138.35, […]