Tuesday, 24 August 2021

Mexican Peso Gains Ahead of Jackson Hole. Will the Fed Rock the Boat for EMFX?

The Mexican peso and other high-yielding EMFX will likely gain ground against the dollar if the Fed signals at the Jackson Hole Symposium it will wait longer before announcing a reduction in QE.

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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...