The euro is snapping a three day gaining streak against the dollar. EUR/USD falls from one-week highs to 1.0493 and trims losses. No impact data ahead. The EUR/USD extended the lows and fell to 1.0493 marking a fresh low for the day. It then bounced back to 1.0530 but lost steam and in the run […]
Tag: Foreign exchange
USD/MXN accelerates fall below 20.00, to lows in almost a month
Mexican peso rises for the fifth day in a row against the dollar. Better tone in financial markets drives decline in USD/MXN. The dollar accelerates the downward correction, the DXY has the worst day in the week. USD/MXN is trading at 19.93, the lowest level since May 20. The Mexican peso is strengthened by the […]
USD/MXN sets its sights on 20.00, the Mexican peso remains firm
The Mexican peso had a great performance in the market last week. The dollar loses strength due to a rise in stock markets and stability in Treasury bond yields. USD/MXN bearish in the short term, look towards 20.00. USD/MXN erased Monday’s gains and returned to the 20.10 zone, showing that bearish pressures remain. The cross […]
USD/CHF hits new three-year highs above 1.0050
The Swiss franc is weak at the start of the week. The dollar remains firm, with limited runs on Monday. USD/CHF overbought but without major signs of correction. USD/CHF is higher on Monday, having closed Friday with the sixth weekly gain in a row. The pair climbed to 1.0057, the highest level since mid-May 2019. […]
EUR/USD makes new highs above 1.0430
The euro starts the week with rises in the market. The DXY without major changes, remains in the area of ​​highs in years. EUR/USD with resistance ahead at 1.0440/50 and 1.0480. EUR/USD is rising for the second day in a row on Monday, rebounding from a multi-year low. It recently posted a new daily high […]
Forex Today: Optimism fades at the start of the week
This is what you need to know to trade today Monday May 16: Markets have turned risk averse at the start of the week after the rally seen on Friday. Disappointing macroeconomic data releases from China, coronavirus-related concerns and heightened fears of a global economic slowdown allow safe-haven flows to continue to dominate markets. The […]
EUR/USD without respite, marks new lows in years below 1.0350
The euro cuts losses, but not before setting a new low against the dollar. Pressures remain firm, although for now EUR/USD managed to recover above 1.0350. The dollar loses strength as stocks rise. EUR/USD not only failed to hold above 1.0400, instead it fell to 1.0348, the new low since 2017. It then bounced higher […]
USD/MXN pulls back to five-day lows below 20.20
Firm Mexican peso after raising rates in Banxico. Improvement on Wall Street helps emerging currencies. USD/MXN cannot break above 20.45 and is pulling back towards 20.15. USD/MXN is retreating for the third day in a row and recently fell as low as 20.15, the lowest since Monday. This occurs the day after Banxico’s rate hike. […]
EUR/USD loses strength and returns below 1.0400
The euro and the pound remain under pressure, unable to consolidate recovery. EUR/USD nears low in years after failed bounce to 1.0418. Treasury bond yields rise on Friday. The EUR/USD lost steam in the last few hours and erased daily gains returning below 1.0400, and approaching the low since the beginning of 2017 which it […]
USD/MXN halts advance again at 20.45 awaiting Banxico
The dollar remains firm in the face of falls in the equity markets. USD/MXN above 20.30, unable to break 20.45. Banxico is expected to announce a rise of 50 basis points in a few hours. The USD/MXN is rising but modestly on Thursday before the decision of the Bank of Mexico was known and in […]
