Wednesday, 14 July 2021

Mexican Peso Gains as Powell Cautions Against a Hasty Move, USD/MXN Tumbles

The Mexican peso gains after Fed chairman Powell says the US economy has not progressed enough to start dialing back stimulus and warns against acting prematurely.

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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...