Mexican Peso refreshes multi-month highs, Banxico minutes eyed

Mexican Peso refreshes multi-month highs, Banxico minutes eyed

USD/MXN refreshed 24-month lows below 17.00 on Friday, but it has recovered some ground, with buyers stepping in and reclaiming the 17.00 level. Data from the United States (US) weighed on the Greenback, as consumer sentiment and Retail Sales deteriorated. The pair trades at 17.02, after bouncing off daily lows of 16.97. USD/MXN holds near […]

Consolidation near 1.28 with upside risks against US Dollar – OCBC

Consolidation near 1.28 with upside risks against US Dollar – OCBC

OCBC’s Sim Moh Siong and Christopher Wong note USD/SGD is consolidating around 1.28 as softer United States (US) Producer Price Index (PPI) trims Federal Reserve (Fed) hike expectations but fails to trigger fresh US Dollar (USD) selling. While they still see downside risks over time, geopolitical tensions and the pair’s inability to break lower suggest […]

Range-bound near term, stronger in 2027 against Euro – Nordea

Range-bound near term, stronger in 2027 against Euro – Nordea

Nordea strategists see the Norwegian Krone (NOK) broadly stable over the next six months after July’s EUR/NOK decline, driven by higher Oil prices and Norges Bank’s increased NOK purchases. They stress two-sided risks tied to Middle East developments and Oil, but expect a somewhat stronger NOK in 2027 as a weaker US Dollar (USD) and […]