Results for $MXN
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Greenback Continues to Trade Heavily amid Heightened Speculation of a 50 bp Cut Wednesday Greenback Continues to Trade Heavily amid Heightened Speculation of a 50 bp Cut Wednesday Reviewed by Marc Chandler on September 16, 2024 Rating: 5
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Thumbnail Sketch of the Peso Ahead of Banxico's Decision

March 30, 2023
The central bank of Mexico is expected to deliver a 25 bp rate hike later today that would lift the overnight cash target to 11.25%. The swaps market says this will be the last hike in the cycle. However, with a further hike by the Fed possible, it seems unlikely that Banxico will declare mission accomplished. Still, Mexico’s overnight rate is abo…
Thumbnail Sketch of the Peso Ahead of Banxico's Decision Thumbnail Sketch of the Peso Ahead of Banxico's Decision Reviewed by Marc Chandler on March 30, 2023 Rating: 5
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The Dollar Slips to New Lows against Sterling and the Mexican Peso

January 20, 2021
Overview: Global equities are moving higher today.  Led by continued strong buying of Hong Kong shares, the MSCI Asia Pacific Index rose to new highs.  The Hang Seng is up 6% this year and is approaching the 2019 record high.  Australia's shares set a new record today.  Japan and Taiwan bucked the trend.  Europe's Dow Jones Stoxx 600 has r…
The Dollar Slips to New Lows against Sterling and the Mexican Peso The Dollar Slips to New Lows against Sterling and the Mexican Peso Reviewed by Marc Chandler on January 20, 2021 Rating: 5
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December Monthly

December 01, 2020
The end of the annus horribilis is at hand, and despite the hard winter ahead for the northern hemisphere, there is a sense of optimism for the new year.  The first generation of vaccines for the coronavirus appears promising. The US has elected as president a person who is within the internationalist tradition.  The UK's standstill agreement …
December Monthly December Monthly Reviewed by Marc Chandler on December 01, 2020 Rating: 5
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Speculative Positioning in Selected Currency Futures

August 10, 2020
With the media playing up the US dollar's negatives, one would think speculators are short the greenback like there is no tomorrow.  Yet a review of the Commitment of Traders report that covers the week through last Tuesday, August 4, shows that this is not really the case.  
Below the speculative positioning of four currency futures is reviewe…
Speculative Positioning in Selected Currency Futures Speculative Positioning in Selected Currency Futures Reviewed by Marc Chandler on August 10, 2020 Rating: 5
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The Dollar and Equities are Finishing the Week on Firm Footing

April 17, 2020
Overview: A 9.8% contraction of the Chinese economy in Q1 did not derail investor optimism today, which saw Asia Pacific stocks rally strongly after Gilead reported very preliminary positive testing of its drug to fight the coronavirus and plans to re-open are developing. Japan's Nikkei and South Korea's Kospi surged more than 3%. The MSCI…
The Dollar and Equities are Finishing the Week on Firm Footing The Dollar and Equities are Finishing the Week on Firm Footing Reviewed by Marc Chandler on April 17, 2020 Rating: 5
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Where can Mexico Go?

March 24, 2020
In the old world that ended sometime last month, the peso was a king. It was among the strongest currencies in the world and appreciated against the US dollar for the past three years. It appreciated nearly 10% against the greenback, which itself was rising against most currencies.  
Mexico is poorly placed to deal with the coming economic shock. T…
Where can Mexico Go? Where can Mexico Go? Reviewed by Marc Chandler on March 24, 2020 Rating: 5
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Investors Continue to Look Past the Coronavirus

February 14, 2020
Overview: The capital markets are heading into the weekend, still trying to look past the coronavirus despite the new cases in Hubei. Tokyo was a notable exception in the Asia Pacific region, as the other major equity markets, like in Hong Kong, China, Taiwan, South Korea, and Australia, advanced. The MSCI Asia Pacific Index rose for the second we…
Investors Continue to Look Past the Coronavirus Investors Continue to Look Past the Coronavirus Reviewed by Marc Chandler on February 14, 2020 Rating: 5
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Markets Turn Quiet Ahead of Central Bank Meetings

December 18, 2019
Overview: The capital markets have turned quiet as the year-end positioning drives prices in lieu of fresh developments. Equities in the Asia Pacific region were narrowly mixed.T he smaller markets in Asia performed better than the large bourses of Japan, China, and Korea, which eased. European equities are off to a firm start, and the Dow Jones S…
Markets Turn Quiet Ahead of Central Bank Meetings Markets Turn Quiet Ahead of Central Bank Meetings Reviewed by Marc Chandler on December 18, 2019 Rating: 5
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