USD/MXN trades at around 18.1000 in a negative mood, despite a soft USD USDMXN Currencies EmergingMarkets Mexico
spurred capital outflows from emerging market economies. At the time of writing, the USD/MXN is trading at 18.1170, above its opening price by 0.34%.remain to trade in negative territory, while US Treasury bond yields plunge. Data released by the US Department of Labor showed that job vacancies dropped by 632,000 to 9.9 million, as shown by February’s JOLTs report. At the same time, Factory Orders fell in February, dropping 0.7% MoM, slightly recovering from January’s 2.1% plunge.
Following the latest reports, investors increased their bets that the US Federal Reserve will pause its tightening cycle. Money market futures estimate a 57% chance of a pause, compared to Monday’s 43% odds. TheThe US Dollar Index , a gauge that measures the performance of six currencies vs. the American Dollar , drops 0.44% and sits at 101.591, sponsored by falling US Treasury bond yields. The US bond yields plunge was spurred by traders repricing a less aggressive Federal Reserve.
An absent Mexican economic docket left USD/MXN traders adrift to sentiment and US Dollar dynamics. Bad for the US economy is beginning to weigh on the greenback, with investors shifting towards growth as inflation cools.The USD/MXN appears to have bottomed at around the weekly low of 17.9644, reached on Monday. A double bottom emerged though the USD/MXN needs to reclaim the 20, 50, and 100-day EMAs in the near term, so the chart pattern could remain in play. Therefore, if the USD/MXN cracks the 100-day EMA at 18.8477, that could open the door for further upside.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
USD/MXN Price Analysis: Licks its wounds around 18.00 within falling wedgeUSD/MXN Price Analysis: Licks its wounds around 18.00 within falling wedge USDMXN Technical Analysis SwingTrading ChartPatterns SupportResistance
Les mer »
USD/MXN reclaims 18.0000 after testing a four-week low, post weak US PMIsUSD/MXN climbs back above the 18.0000 thresholds after testing four-week lows around 17.9644 in the early North American session. Despite broad US Dol
Les mer »
USD/MXN Price Analysis: Mexican Peso sellers appear well-set to prod 18.15 hurdleUSD/MXN Price Analysis: Mexican Peso sellers appear well-set to prod 18.15 hurdle USDMXN Technical Analysis ChartPatterns SwingTrading SupportResistance
Les mer »
USD/CAD rises above 1.3450 despite broad USD weaknessFollowing Monday's sharp decline, USD/CAD stayed relatively quiet during the European trading hours on Tuesday. After retreating toward 1.3400 in the
Les mer »
USD/JPY Price Analysis: Hangs near daily low, just below 133.00 amid modest USD weaknessThe USD/JPY pair attracts some sellers after touching over a two-week high on Monday and trades just below the 133.00 round-figure mark during the ear
Les mer »
Silver Price Forecast: XAG/USD corrects from $24.00 as USD Index shows recovery, US Employment eyedSilver price (XAG/USD) has corrected marginally after failing to surpass the $24.00 resistance in the Asian session. The white metal has shown a modes
Les mer »