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Mexican Peso advances steadily after Banxico maintains rates
The Mexican Peso recovered ground against the US Dollar and rallied more than 1% on Friday after the Bank of Mexico (Banxico) decided to keep rates unchanged due to “idiosyncratic factors” and the Peso’s depreciation following the June 2 general election results.
Fxstreet
Jun 28, 2024
Canadian Dollar gains ground after Canadian GDP steps higher
The Canadian Dollar (CAD) found some room on the high side on Friday, pushing up by a scant tenth of a percent against the US Dollar amid choppy intraday price action after key economic data broadly met market expectations.
Fxstreet
Jun 28, 2024
GBP/USD Price Analysis: Posts weekly losses, directionless beneath 1.2650
The GPB/USD is subdued during the North American session on Friday following a positive UK GDP report, yet an uptick in the Fed’s preferred gauge of inflation, the PCE Price Index, capped the major, which trades at 1.2642, virtually unchanged.
Fxstreet
Jun 28, 2024
EUR: Downside comes on the back of the elections – MUFG
After initially dropping by two big figures in the six trading days following the announcement of snap elections in France, EUR/USD has stabilised since around the 1.0700-level but next week could be a week of renewed volatility depending on the result of the first round of elections on Sunday, Head of Research at MUFG Derek Halpenny notes.
Fxstreet
Jun 28, 2024
AUD/USD jumps higher to 0.6670 as US Inflation cools down expectedly
The AUD/USD pair revives intraday losses and surges to near 0.6670 in Friday’s New York session after the United States (US) Bureau of Economic Analysis (BEA) published a soft Personal Consumption Expenditure Price Index (PCE) report for May.Fxstreet
Jun 28, 2024
Japanese Yen sees Suzuki’s gamble play out wrong way
The Japanese Yen (JPY) sees traders taunting the Japanese government yet again, with another new historic low printed in the Yen’s performance. This Friday 161.27 was briefly hit before falling back to below 161.00. The move comes with Japanese
Fxstreet
Jun 28, 2024
