The dollar remains firm in the market supported by the rise in Treasury bond yields. On Wednesday the decision of the Federal Reserve. USD/MXN consolidating with resistance at 20.45. USD/MXN is slightly higher on Monday as the dollar advances in the market. The pair is trading around 20.40, in the same area as in recent […]
Tag: Foreign exchange
USD/CAD marks maximum since December 2021 above 1.2900
The loonie among the weakest in the G10 on Monday. USD/CAD at highs since December 2021. Risk aversion, falling oil prices and firm dollar drive the pair. The USD/CAD is trading around 1.2900, having reached 1.2905, the highest intraday level since Dec 22, 2021. From Friday’s low, the pair bounced 200 pips. The pair’s gains […]
USD/MXN corrects lower and hits three-day lows below 20.30
The Mexican peso has the best day against the dollar in two weeks. The green ticket corrects downwards after rising for several days in a row. USD/MXN failed to assert itself above 20.50. USD/MXN is trading at 20.33, having fallen to 20.28, the lowest level since Tuesday. The pullback comes after hitting 20.63 on Thursday, […]
GBP/USD extends correction and approaches 1.2600
The pound gains momentum before rise in European stock markets and corrections. The dollar cuts a six-day streak and falls, without compromising the trend. GBP/USD eyeing 1.2600 ahead of US data. The GBP/USD advances significantly on Friday and cuts weekly losses, driven by the general correction of the dollar and the gains in European stocks. […]
GBP/USD finds no support and approaches 1.2400
The dollar remains strong despite economic data below expectations. The pound enters the worst performers on Thursday in the G10. GBP/USD heading for the sixth consecutive daily decline, accumulating a loss of 600 pips. GBP/USD could not find a respite and resumed its declines. The pair fell to 1.2419 marking a new low since June […]
USD/MXN rises to 20.55, new high in a month
The dollar is back up across the board, including against emerging currencies. Rise in the stock markets does not relieve the upward pressure of the USD/MXN. The price tests the 20.50 area again. USD/MXN is rising on Thursday after Friday afternoon’s pullback and just hit new one-month highs at 20.55 where it is trading. The […]
GBP/USD hits new 21-month low below 1.2470
The dollar remains firm, rises for the sixth day and the DXY reaches the highest since 2017. GBP/USD continues in free fall without finding support. Growth data for the first quarter of the US is coming. The GBP/USD is falling for the sixth day in a row and fails to find support. The pair is […]
EUR/USD does not stop the fall and approaches 1.0500
EUR/USD makes new lows in years below 1.0550. Intact negative outlook for the euro despite oversold. The dollar remains firm in the market. EUR/USD extended the decline to 1.0524, the new low since 2017 and remains under pressure below 1.0550. The decline occurs while the dollar remains firm and in the face of some weakness […]
USD/MXN at one-month highs, testing 20.50
Emerging currencies continue with a negative outlook due to a cautious climate in the market. USD/MXN rises for the fifth day in a row. USD/MXN is rising again on Wednesday, racking up five straight days of gains. The price reached the highest level since March 18 at 20.51. At the moment, it has not managed […]
GBP/USD fails to recover 1.2600 and erases gains
GBP/USD remains under pressure after encountering resistance at 1.2600. The dollar remains firm in the market, DXY at cycle highs. The GBP/USD returned to negative ground after failing to hold. Hours ago it fell to 1.2535, the lowest level since July 2020. From the lows the pair rebounded and rose to 1.2600, which contained the […]
