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Riksbank does frontloading and is ready for more – Commerzbank
The Riksbank went all out yesterday by cutting the policy rate by 50 basis points from 3.25% to 2.75%, while signaling that more could follow: ‘The policy rate may also be cut in December and during the first half of 2025, in line with what was communicated in September.’ This confirms the view that the Riksbank was planning on 75 basis points by the end of the year anyway and has therefore taken the big step yesterday, only to follow up with another 25 basis points in December, Commerzbank’s FX analyst
Mexican Peso trades mixed after recovering following Fed decision to cut rates
The Mexican Peso (MXN) trades mixed in its key pairs on Friday during the European session after rising up and meeting resistance near the top of a falling channel it has been steadily declining in since Mexico’s June elections.
Fxstreet
Fri, Nov 8
