Thursday, 14 May 2020

USDMXN Drops on Bank of Mexico Rate Cut

The Bank of Mexico slashed its overnight rate to 5.50% from 6.00%, as expected. USDMXN price action moved lower on Peso strength

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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...