Thursday, 14 October 2021

Mexican Peso Outlook: USD/MXN Bullish Impetus Wanes as Yields Retreat. New Trend?

The pullback in U.S. Treasury yields has neutralized USD/MXN's bullish momentum, but price remains biased to the upside from a technical perspective following the development of a golden cross.

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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...