USD/MXN retreats from weekly highs as the US economy decelerates, Fed's Beige Book showed – by christianborjon USDMXN Currencies EmergingMarkets
and flows stayed at the emerging market currency, although the US Dollar appreciated against most G7 currencies. At the time of writing, the USD/MXN is trading at 18.0440, sliding a tiny 0.04%.Investors’ mood remained mixed throughout Wednesday’s session. The US Federal Reserve revealed the Beige Book, which showed that the economy in the United States is slowing while access to credit is narrowing.
Even though some Federal Reserve officials have pushed back against a recession, the Beige Book put it on the table. However, inflation remains high, and before the May meeting, the US central bank would need to digest its preferred measure of inflation, the Core PCE for March. On Tuesday, two Federal Reserve policymakers commented that inflation remains too high and the labor market too tight, namely St. Louis Fed President James Bullard and Atlanta’s
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fed’s Beige Book: Overall economic activity was little changed in recent weeksAccording to Federal Reserve’s Beige Book, the overall economic activity was little change in recent weeks. The report includes information collected
Read more »
Fed's Beige Book finds dropoff in lending after SVB failureLending fell after the failure of Silicon Valley Bank and businesses hired fewer people, a Fed survey found, but inflation also "appeared to be...
Read more »
USD/MXN climbs sharply as traders prepare for a Fed rate hike in MayThe Mexican Peso (MXN) continues to weaken for the second consecutive day, despite overall American Dollar (USD) weakness across the board. Outflows f
Read more »
Dollar firm as yields rise ahead of Beige Book – BBHAnalysts at BBH, in their latest note, maintain a bullish outlook for the US Dollar (USD) amid a further rise in the US Treasury bond yields ahead of
Read more »
USD/MXN Price Analysis: Multiple Doji candlesticks challenge Mexican Peso traders near 18.00USD/MXN Price Analysis: Multiple Doji candlesticks challenge Mexican Peso traders near 18.00 USDMXN Technical Analysis ChartPatterns Candlesticks SupportResistance
Read more »
USD/MXN Price Analysis: Mexican Peso buyers again aim for 13-day-old supportUSD/MXN Price Analysis: Mexican Peso buyers again aim for 13-day-old support USDMXN Technical Analysis SwingTrading ChartPatterns SupportResistance
Read more »