Author: finadmin

Banxico minutes flag upside inflation risks from Middle East conflict

Banxico minutes flag upside inflation risks from Middle East conflict

Banco de Mexico (Banxico) released its latest meeting minutes on Thursday, in which the Middle East conflict dominated the board’s discussion. On May 7, Banxico cut rates by 25 basis points to 6.50%, while telegraphing that the easing cycle that began in 2024 is over. The decision was not unanimous, with a 3-2 vote, with […]

MNB stance shifts focus to bonds over FX – BNY

MNB stance shifts focus to bonds over FX – BNY

BNY’s Geoff Yu argues that Hungarian asset positioning is stretched after elections, with markets now watching the central bank of Hungary Magyar Nemzeti Bank’s (MNB) upcoming decision. The new government prioritizes lower debt costs over Hungarian Forint (HUF) strength, aiming to attract duration flows via fiscal prudence. Yu expects unchanged policy, but warns HUF is […]

Pressured versus US Dollar with ECB repricing – Societe Generale

Pressured versus US Dollar with ECB repricing – Societe Generale

Societe Generale analysts note EUR/USD is lacking clear direction as it trades around its 200‑DMA and approaches an ascending trend line from February 2025. The pair faces resistance near 1.1750/1.1800 and support around 1.1500–1.1390. Softer Euro PMIs and expectations of European Central Bank (ECB) tightening versus a less dovish Fed are seen as Euro‑negative. Key […]