USD/MXN hovers around 17.5000, focus on Banxico policy decision
08.11.2023, 09:04

USD/MXN hovers around 17.5000, focus on Banxico policy decision

  • USD/MXN consolidates in a tight range of 17.4000 – 17.5900 since Monday.
  • Banxico is expected to keep interest rates unchanged at 11.25%,
  • Investors await Fed Chair Jerome Powell’s conference to gain additional insights into the interest rate trajectory.

USD/MXN treads water near 17.5000 during the European session on Wednesday. The pair has been trading within a tight range of 17.4000 – 17.5900 since Monday. Market participants await the interest rate decision by the Bank of Mexico (Banxico) scheduled to be released on Thursday.

Banxico is anticipated to keep rates steady at 11.25%, as its officials have made hawkish comments emphasizing the need for rates to remain at the current level for an extended duration.

On the other side, investors anticipate the US Federal Reserve (Fed) to pause its monetary policy tightening, exerting downward pressure on the US Dollar (USD). Nonetheless, market sentiment has curtailed the extent of its losses. The upbeat US Treasury yields might have provided support for the Greenback.

Additionally, Minneapolis Fed President Neel Kashkari voiced reservations about prematurely declaring the conclusion of the Federal Reserve's rate hike cycle. Casting doubts on the sufficiency of current policy amidst a robust economy, Kashkari hinted that a potential uptick in inflation might justify further tightening.

Investors are seeking additional insights into the prospective path of interest rates, as Fed Chairman Jerome Powell is scheduled to address a conference in Washington, DC later in the North American session.

 

© 2000-2025. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik