Saturday, 8 February 2020

USD/MXN Outlook: Mexican Peso Defies Fundamentals Ahead of Rate-Cut Decision

The Mexican Peso appreciated a further 1.76% against the US dollar during this past week, but a short-term correction has come into play ahead of next week’s interest rate decision.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...