Author: finadmin

Mexican Peso outpace broad US Dollar strength, ahead of Banxico’s day

Mexican Peso outpace broad US Dollar strength, ahead of Banxico’s day

The Mexican Peso gains ground versus the US Dollar on Monday as risk appetite increases the carry-trade appeal of the emerging-market currency, while traders await the release of the Bank of Mexico (Banxico) monetary policy meeting late this week. The USD/MXN trades at 17.32, down 0.14%. USD/MXN falls on improved risk appetite; Mexico’s stronger growth […]

British Pound slips as strong ISM data revives the US Dollar

British Pound slips as strong ISM data revives the US Dollar

The Pound Sterling retreats somne 0.27% on Monday as the Greenback recovers some ground, as the US pauses strikes on Iran, and as both parties resume negotiations aimed at securing a rapid deal. The GBP/USD trades at 1.3439, after reaching a daily high of 1.3506. GBP/USD retreats as stronger US ISM Manufacturing PMI, UK fiscal […]

Growth momentum softens again – Standard Chartered

Growth momentum softens again – Standard Chartered

Standard Chartered economists Hunter Chan and Shuang Ding argue that China’s July data likely showed weaker momentum, with official PMIs for manufacturing, services and construction all below 50 and at multi-year lows. They note resilient but easing trade and Industrial Production, softer Consumer Price Index (CPI) below 1% year-on-year, and still-high PPI. Base effects likely […]