The dollar remains firm against the main European currencies. The euro also falls against the pound. EUR/USD continues with a negative outlook despite oversold levels. The EUR/USD is falling for the fifth day in a row and reached as low as 1.0584, reaching the lowest level since April 2017. The euro then trimmed losses and […]
Tag: Foreign exchange
USD/MXN rebounds and returns above 20.30 as the dollar rises
Equity markets fail to confirm rebound. The dollar strengthens after the beginning of the American session. USD/MXN with bullish bias, targets 20.50. USD/MXN is trading at 20.31, the daily high, after being rejected from levels below 20.20 hours ago. The strength of the dollar is the key behind the rise of the pair. Regarding data […]
EUR/USD finds support above 1.0670, recovery limited
EUR/USD has been operating in the low zone since March 2020. Outlook remains negative for the euro, closer to touching since 2017. The dollar with mixed results, bags experience recovery. EUR/USD is falling for the fourth day in a row and reached 1.0671, the lowest level since March 2020. It then had a limited bounce, […]
USD/MXN trims gains after hitting one-month highs near 20.50
The dollar rises on all fronts in the context of risk aversion. Drop in commodity prices impacts the Mexican peso. USD/MXN hits as high as 20.48 and then trims gains, though still under upward pressure. USD/MXN is rising again on Monday, reaching as high as 20.48 in European hours, the highest level since March 18. […]
EUR/USD remains under pressure at two-year lows, not far from 1.0700
The dollar rises strongly due to the fall in equity markets. DXY trades at highs in years, Treasury yields fall to lows in weeks. EUR/USD finds support above 1.0700, still under pressure. EUR/USD is trading in the low zone since March 2020, around 1.0720/25, after falling as low as 1.0706. The dollar is showing strength […]
USD/MXN jumps towards 20.40 on a stronger dollar
USD/MXN rises to 1-month highs, targets 20.50. Mexican peso remains under pressure, among the weakest of the week. Mexico: inflation reaches 7.7% annually, the maximum in 21 years. The USD/MXN is rising significantly for the second day in a row, driven by the strength of the dollar in the expectation of a stronger monetary tightening […]
EUR/USD trims losses after falling to three-day lows at 1.0789
The dollar strengthens in the market after Powell’s signals. Negative climate in the bags helps the dollar. EUR/USD with negative outlook, tries to hold above 1.0800. EUR/USD fell to 1.0789, hitting the lowest level in two days, and completing a 150 pip retracement from Thursday’s high. It then bounced back and was able to recover […]
USD/MXN rises to two-week highs above 20.10
The Mexican peso extends the decline against the dollar. USD/MXN affirms above 20.00 and the 20-day moving average. USD/MXN resumed bullish runs on Thursday after a pause on Wednesday and climbed to 20.12, reaching the highest level since April 8. The pair remains in the area of ​​highs with a bullish tone. The Mexican peso […]
EUR/USD jumps to two-week highs after comments from ECB officials
Vice President of the ECB affirms that a rise in rates in July is possible. Euro appreciates on all fronts, cut gains in the last hour. EUR/USD jumps to the strong barrier of 1.0940/45 that stops the rally. EUR/USD rose sharply during the European session on the back of monetary policy comments from the European […]
USD/MXN affirms at the 20.00 zone and points higher.
The Mexican peso fails to recover ground against the dollar. USD/MXN closes above the 20-day moving average and gains support. USD/MXN is trading above 20.00 on Wednesday, validating Tuesday’s significant advance and despite the dollar’s correction against major currencies. The cross maintains a very short-term bullish bias. aiming higher Tuesday’s rally took USD/MXN to a […]
