Economic News Category

Mexican Peso Rises as Banxico Holds Key Rate Steady The Mexican Peso (MXN) experienced significant gains against its major trading counterparts following the Bank of Mexico’s (Banxico) latest policy meeting on Thursday. During the meeting, Banxico’s board unanimously decided to maintain the benchmark interest rate at 11.00%, leading to a robust appreciation of the Peso.

China’s Exports and Imports Rebound, Indicating Demand Recovery China’s exports and imports exhibited growth in April, rebounding from previous contractions and signaling a positive shift in domestic and international demand, which could bolster the nation’s unsteady economic revival. According to recent customs data, this improvement is largely attributed to a series of policy support measures

US Election Uncertainty Begins to Impact Forex Markets Currency markets are beginning to react to the forthcoming U.S. election, with signs of increased foreign exchange volatility evident six months prior to the November 5 vote. Notably, this heightened anxiety is manifesting in the options market, particularly concerning the Chinese offshore yuan. On Tuesday, the difference

Australian Dollar Falls as RBA Holds Interest Rate at 4.35% The Australian Dollar (AUD) saw its recent rally come to a halt on Tuesday, following the Reserve Bank of Australia’s (RBA) decision to maintain the official cash rate at 4.35%. This decision came despite market anticipation of a possible shift towards a more aggressive monetary

Treasury Rally Faces $125B Barrier Bond traders welcomed signs of a cooling US labor market, sparking a surge in US Treasuries on Friday. The government report indicating unexpected softness in job and wage gains last month contributed to a late-week rally, which began after Federal Reserve Chair Jerome Powell hinted at potential rate cuts in