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Bank notes of different currencies

Mexico CPI continues to rise; rate hikes not helping yet

The headline mid-month inflation rate for July is 8.16% YoY , led primarily by rising food costs. This is the highest level of inflation in 21 years!

Board of currencies

EM FX: Turmoil in emerging currencies pose big risk to markets

It is worth watching EM currencies closely here as there is a risk we could see further, sharp, selling, which, in turn, could provide a fresh source of threat to the global financial markets.

Bank notes of different currencies

Bank of Mexico hikes 75bps after higher inflation reading

Will USD/MXN continue lower? It may depend on whether the central bank decides to hike another 75bps at its August meeting!

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Bank notes of different currencies

Bank of Mexico hikes 75bps after higher inflation reading

Will USD/MXN continue lower? It may depend on whether the central bank decides to hike another 75bps at its August meeting!

Bank notes of different currencies

USD/MXN looking to push to pre-pandemic lows

Both a hawkish Bank of Mexico and the rise in Crude Oil prices have been pushing USD/MXN lower.

Bank notes of different currencies

Mexico CPI still coming in hot; USD/MXN near key support

USD/MXN is caught between a long-term support zone and the downward sloping trendline of a long-term descending triangle.

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April 7, 2022 08:01 PM
Bank notes of different currencies

Banxico hikes rates 50bps; USD/MXN testing key support

The Central Bank of Mexico increased interest rates by 50bps and revised its inflation forecasts higher. However, it seems that USD/MXN traders were already expecting it!

Bank notes of different currencies

Mexico inflation highest in nearly 20 years!

Banxico, has been hiking interest rates at 25bps clips. However, inflation is rising even faster!

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December 9, 2021 08:38 PM
Bank notes of different currencies

Banxico only hikes 25bps despite inflation readings

Inflation data showed that the October YoY CPI was 6.24%

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November 11, 2021 10:50 PM
Bank notes of different currencies

Inflation and Banxico: USD/MXN

Inflation data on Tuesday may determine whether the Bank of Mexico hikes rates by 25bps or 50bps on Thursday.

Bank notes of different currencies

Mexico’s inflation continues to rise despite interest rate increases USD/MXN

The YoY headline inflation number for mid-month October rose to 6.12% from 5.87% in September

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October 22, 2021 04:36 PM

Markets react as Guam’s crystal ball suggests Clinton win

Risk has popped higher this afternoon as news that Guam, a territory of the United States, voted overwhelmingly for Clinton. Although Guam does not have […]

Retail traders buying the dollar in anticipation of Clinton win, but are more discerning on stocks

Financial markets are starting to price in a victory for Hillary Clinton on Tuesday, after the FBI cleared her of any criminality regarding her email […]

USD/MXN bears need a Peso-maker after this year’s start

As we’ve noted repeatedly over the first trading week, emerging market currencies have been getting walloped as panicked FX traders sell any holdings they see […]

EM Rundown: This week’s EM central bank bonanza

After last week’s Federal Reserve excitement, traders would probably be happy for a reprieve from the constant “will-they-or-won’t-they” strategizing that inevitably takes place around major […]

EM rundown: USD/MXN holds near all-time high: all eyes on 15.65

The market’s fears of a Grexit, which peaked midway through last week, are now fading after Greek Prime Minister Tsipras seemingly caved to creditors’ demands […]

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