The Mexican peso remains under pressure against the dollar in the very short term. USD/MXN firm above 20.00, after trading at lows in months days ago. USD/MXN is trading around 20.13, falling slightly. This implies a slight recovery of the Mexican peso after two days with strong declines. In Wednesday’s session and after the Federal […]
Tag: Foreign exchange
USD/MXN jumps above 20.00 to one-week highs
Mexican peso short streak against the dollar, with a sharp drop to lows in days. Rise in Treasury bond yields supports the dollar. Very short-term bullish bias in USD/MXN, facing resistance at 20.14 and 20.25. The USD/MXN had a sharp rise on Tuesday that continues on Wednesday. The pair went from trading below 19.80, in […]
USD/MXN in the low zone in nine months
The Mexican peso is holding on to recent gains and continues to press above relevant levels. USD/MXN had the lowest daily close since the end of June. Rise in commodities continues to help emerging and commodity-linked currencies. USD/MXN is trading just below 19.80, bearish tone intact. The Mexican peso hit highs since June of last […]
GBP/USD positive above 1.3100, unable to break above 1.31500
GBP/USD rises again, but without moving away from critical levels. The dollar with mixed results due to a rise in Treasury bond yields. S&P Global services revised higher in the UK, those in the US are coming. The GBP/USD remains in positive territory, without making significant changes. The pair rose to 1.3144 at the start […]
EUR/USD makes new weekly lows near 1.0950
Rise in Treasury bond yields favors the dollar. EUR/USD hits one-week lows but manages to rebound quickly. Caution in markets, data ahead; no progress for Ukraine. The EUR/USD recently fell to 1.0954, hit a new one-week low. It then bounced back into the consolidation range of the last few hours around 1.0970. The pair is […]
USD/JPY targets 123.00 boosted by rising Treasury yields
The dollar is gaining momentum, given the surge in Treasury bond yields. USD/JPY rises for the third day in a row. USD/JPY is rising again on Tuesday and testing daily highs just shy of 123.00. The main support for the pair comes from the side of a rise in Treasury bond yields. After finding support […]
EUR/USD extends decline below 1.1000
Euro under pressure in the market, the worst performer in the G10 on Monday. EUR/USD negative outlook, targets 1.0970. The EUR/USD extended the decline and reached 1.0980, the new low in almost a week. The pair remains in the low zone under pressure. Next support can be found at 1.0965/70, where last week’s low is. […]
USD/MXN at nine-month lows, targets 19.50
The Mexican peso remains firm against the dollar. USD/MXN heading for the lowest close since July, could go towards the bottom of 2021. USD/MXN is falling on Monday and is trading at the lowest level since July 2021, around 19.75. Downside pressures remain intact and reinforced on Monday after the return below 19.80. If it […]
EUR/GBP falls below 0.8400, trades at multi-day lows
EUR/GBP witnessed some follow-through selling for the third day in a row on Monday. Uncertainty over Ukraine was seen as a key factor behind the euro’s underperformance. Aggressive ECB expectations, and BoE opinion on future rate hikes should help limit further losses. The crossing EUR/GBP fell to a four-day low during the first half of […]
USD/JPY approaches 123.00 driven by the dollar
The dollar appreciates against the JPY, EUR and GBP. Bullish tone of the greenback at risk due to a slight drop in Treasury bond yields. No big data ahead, focus on Ukraine and the bond market. The USD/JPY is rising at the start of the week, at a moderate pace and still unable to break […]
