* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Tuesday, July 8, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Magicians and Battlebots light up Las Vegas entertainment scene – KSNV

    Magicians and Battlebots Take Las Vegas Entertainment by Storm

    Max-Matching Entertainments & Longhua District form partnership for new entertainment complex – Blooloop

    Max-Matching Entertainments and Longhua District Unite to Launch Thrilling New Entertainment Complex

    Kennedy Publishing, MGA Entertainment Launch Yummiland Magazine – License Global

    Kennedy Publishing, MGA Entertainment Launch Yummiland Magazine – License Global

    MAY HER SOUL REST IN PEACE 🙏 Veteran entertainment columnist and talent manager Lolit Solis has passed away. She was 78 years old. https://tinyurl.com/6kumarkx | LatestChika.com – Facebook

    Beloved Entertainment Icon Lolit Solis Passes Away at 78 – A Life Remembered with Love and Respect 🙏

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Technology And Construction Names Join Top Stock Lists: Check Out Additions To IBD 50, Big Cap 20 And More – Investor’s Business Daily

    Technology and Construction Leaders Surge Into Top Stock Rankings: See the Latest Additions to IBD 50, Big Cap 20, and More

    Column: Teach kupuna new technology skills – Honolulu Star-Advertiser

    Empowering Kupuna: Unlocking New Technology Skills for a Connected Future

    EIFO invests $5 million in D3, the Ukraine-focused defence technology venture fund – sUAS News

    EIFO Pledges $5 Million to Supercharge Ukraine-Focused Defense Technology Fund

    New Technology for Water Efficiency and Working with Mexico on Screwworm – AG INFORMATION NETWORK OF THE WEST

    Revolutionary Water Efficiency Technology and Cross-Border Collaboration to Defeat Screwworm

    Environmental cognitive distance, R&D capability distance, and supply chain green technology innovation – Nature

    Bridging Gaps: How Environmental and R&D Differences Drive Green Technology Innovation in Supply Chains

    LG Innotek CEO Moon Hyuksoo: “Our Next-gen Substrate Technology Will Change the Industry Paradigm” – TechPowerUp

    LG Innotek CEO Moon Hyuksoo: “Our Next-Gen Substrate Technology Will Revolutionize the Industry” Revolutionizing the Future: LG Innotek’s CEO Unveils Game-Changing Next-Gen Substrate Technology

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Magicians and Battlebots light up Las Vegas entertainment scene – KSNV

    Magicians and Battlebots Take Las Vegas Entertainment by Storm

    Max-Matching Entertainments & Longhua District form partnership for new entertainment complex – Blooloop

    Max-Matching Entertainments and Longhua District Unite to Launch Thrilling New Entertainment Complex

    Kennedy Publishing, MGA Entertainment Launch Yummiland Magazine – License Global

    Kennedy Publishing, MGA Entertainment Launch Yummiland Magazine – License Global

    MAY HER SOUL REST IN PEACE 🙏 Veteran entertainment columnist and talent manager Lolit Solis has passed away. She was 78 years old. https://tinyurl.com/6kumarkx | LatestChika.com – Facebook

    Beloved Entertainment Icon Lolit Solis Passes Away at 78 – A Life Remembered with Love and Respect 🙏

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Technology And Construction Names Join Top Stock Lists: Check Out Additions To IBD 50, Big Cap 20 And More – Investor’s Business Daily

    Technology and Construction Leaders Surge Into Top Stock Rankings: See the Latest Additions to IBD 50, Big Cap 20, and More

    Column: Teach kupuna new technology skills – Honolulu Star-Advertiser

    Empowering Kupuna: Unlocking New Technology Skills for a Connected Future

    EIFO invests $5 million in D3, the Ukraine-focused defence technology venture fund – sUAS News

    EIFO Pledges $5 Million to Supercharge Ukraine-Focused Defense Technology Fund

    New Technology for Water Efficiency and Working with Mexico on Screwworm – AG INFORMATION NETWORK OF THE WEST

    Revolutionary Water Efficiency Technology and Cross-Border Collaboration to Defeat Screwworm

    Environmental cognitive distance, R&D capability distance, and supply chain green technology innovation – Nature

    Bridging Gaps: How Environmental and R&D Differences Drive Green Technology Innovation in Supply Chains

    LG Innotek CEO Moon Hyuksoo: “Our Next-gen Substrate Technology Will Change the Industry Paradigm” – TechPowerUp

    LG Innotek CEO Moon Hyuksoo: “Our Next-Gen Substrate Technology Will Revolutionize the Industry” Revolutionizing the Future: LG Innotek’s CEO Unveils Game-Changing Next-Gen Substrate Technology

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Mexican Peso gains more ground against US Dollar ahead of next week’s FOMC meeting

December 9, 2023
in Business
Mexican Peso gains more ground against US Dollar ahead of next week’s FOMC meeting
Share on FacebookShare on Twitter

Mexican Peso recovers from around weekly lows and reclaims the 100-day SMA.
Mexico’s Producer Price Index was softer than estimated, keeping Banxico’s hopes of easing policy next year alive.
US Nonfarm Payrolls in November were better than foreseen, in contrast to previously released jobs data.

Mexican Peso (MXN) climbs against the US Dollar (USD) during the North American session on Friday, although data from the United States (US) showed the labor market is not as soft as suggested by previously released data during the week. Consequently, traders pared bets on rate cuts by the US Federal Reserve (Fed) for the next year while the Greenback rose. Nevertheless, the Mexican currency remains strong in the day, with the USD/MXN trading at 17.35, losing 0.55% on the day, though in the week, the exotic pair rate finishes with gains of 1.20%.

Mexico’s economic docket revealed that inflation on the producer side was softer compared to October’s data, revealed the National Statistics Agency (INEGI). That reinforces the thesis that prices are slowing down, which leaves the Bank of Mexico (Banxico) officials scratching their heads as consumer inflation rises.

Across the border, the US Bureau of Labor Statistics (BLS) revealed the labor market remains strong, with the economy adding more jobs than estimated by market participants, pushing the Unemployment Rate further away from projections of the Federal Reserve. Besides that, USD/MXN traders are eyeing the Federal Reserve’s next week’s meeting, along with the release of US inflation data.

Daily digest market movers: Mexican Peso on the offensive  despite solid US jobs report

Mexico’s Produce Price Index (PPI) rose by 1.20% YoY in November, below October’s 1.30%. In month-over-month figures, the PPI rate plunged from 0.5% in October to -0.4% in November.
The latest consumer inflation report in Mexico missed forecasts and exceeded October’s reading.
Banxico’s officials recently expressed their desire to ease monetary policy, though the divergence in consumer and producer inflation could prevent a rate cut by the first quarter of 2024.
Nevertheless, there is a dissenter as Deputy Governor Irene Espinosa pushed back and said inflationary risks remain and are growing.
US Nonfarm Payrolls exceeded forecasts of 180K and rose by 199K in November, while the Unemployment Rate slid to 3.7% from 3.9%.
Average Hourly Earnings, seen as a measure of inflation, grew as expected by 4%, while monthly data advanced by 0.4%, above previous month’s 0.2%.
Following the US employment report, jobs data suggests the labor market is cooling, but at a slower pace than expected by traders. Per the market’s reaction, investors were overly aggressive on the Fed rate cut expectations, with market participants pairing the Federal Reserve’s rate-cut bets for the next year. According to data from the Chicago Board of Trade (CBOT), 120 basis points of rate cuts are estimated, 20 bps less than a week ago.

Technical Analysis: Mexican Peso buyers regain control as the USD/MXN slumps below the 100-day SMA

The USD/MXN shifted gears and is sliding below the 100-day Simple Moving Average (SMA), which lies at 17.39, suggesting that sellers are in charge but they would need a daily close below that level to extend its losses. The first support level is seen at the current week’s low of 17.16, followed by the area within the 17.00/05 range.

On the other hand, if USD/MXN buyers reclaim the 100-day SMA, that could open the door to challenging the 17.50 psychological level. A breach of the latter will expose the 200-day SMA at 17.55 will be exposed, followed by the 50-day SMA at 17.67.

Inflation FAQs

Inflation measures the rise in the price of a representative basket of goods and services. Headline inflation is usually expressed as a percentage change on a month-on-month (MoM) and year-on-year (YoY) basis. Core inflation excludes more volatile elements such as food and fuel which can fluctuate because of geopolitical and seasonal factors. Core inflation is the figure economists focus on and is the level targeted by central banks, which are mandated to keep inflation at a manageable level, usually around 2%.

The Consumer Price Index (CPI) measures the change in prices of a basket of goods and services over a period of time. It is usually expressed as a percentage change on a month-on-month (MoM) and year-on-year (YoY) basis. Core CPI is the figure targeted by central banks as it excludes volatile food and fuel inputs. When Core CPI rises above 2% it usually results in higher interest rates and vice versa when it falls below 2%. Since higher interest rates are positive for a currency, higher inflation usually results in a stronger currency. The opposite is true when inflation falls.

Although it may seem counter-intuitive, high inflation in a country pushes up the value of its currency and vice versa for lower inflation. This is because the central bank will normally raise interest rates to combat the higher inflation, which attract more global capital inflows from investors looking for a lucrative place to park their money.

Formerly, Gold was the asset investors turned to in times of high inflation because it preserved its value, and whilst investors will often still buy Gold for its safe-haven properties in times of extreme market turmoil, this is not the case most of the time. This is because when inflation is high, central banks will put up interest rates to combat it.
Higher interest rates are negative for Gold because they increase the opportunity-cost of holding Gold vis-a-vis an interest-bearing asset or placing the money in a cash deposit account. On the flipside, lower inflation tends to be positive for Gold as it brings interest rates down, making the bright metal a more viable investment alternative.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : FXStreet – https://www.fxstreet.com/news/mexican-peso-counterattacks-as-it-appreciates-against-us-dollar-after-robust-nonfarm-payrolls-202312081604

Tags: businessgainsMexican
Previous Post

GBP/USD heads into the Friday endzone grasping for 1.2550

Next Post

Canadien: unable to beat a better club in 60 minutes

An episodic burst of massive genomic rearrangements and the origin of non-marine annelids – Nature

Explosive Genomic Shifts Ignite the Evolutionary Rise of Land-Dwelling Annelids

July 8, 2025
Earth is going to spin much faster over the next few months — so fast that several days are going to get shorter – Live Science

Earth is going to spin much faster over the next few months — so fast that several days are going to get shorter – Live Science

July 8, 2025
Putnam Museum and Science Center Ribbon-Cutting July 12 – River Cities’ Reader

Putnam Museum and Science Center Ribbon-Cutting July 12 – River Cities’ Reader

July 8, 2025
New Miiro Lifestyle Hotel Brand Expands Further In Europe – Forbes

New Miiro Lifestyle Hotel Brand Expands Further In Europe – Forbes

July 8, 2025
Dino Might!: ‘Jurassic World Rebirth’ Bows To $318.3M Global In Biggest Studio Opening Year-To-Date WW; ‘F1’ Nears $300M’ & ‘Dragon’ Tops $500M – International Box Office – Deadline

Dino Might!: ‘Jurassic World Rebirth’ Bows To $318.3M Global In Biggest Studio Opening Year-To-Date WW; ‘F1’ Nears $300M’ & ‘Dragon’ Tops $500M – International Box Office – Deadline

July 8, 2025
As a Nation’s Economy Slows, Some Say It’s No Time for a Free Lunch – The New York Times

As a Nation’s Economy Slows, Some Say It’s No Time for a Free Lunch – The New York Times

July 8, 2025
Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

July 8, 2025
The 63 Best Amazon Prime Day Health & Fitness Deals, Up to 85% Off – health.com

The 63 Best Amazon Prime Day Health & Fitness Deals, Up to 85% Off – health.com

July 8, 2025
Scoop: Sean Patrick Maloney mulls political comeback against Mike Lawler – Axios

Sean Patrick Maloney Eyes Bold Political Comeback, Taking on Mike Lawler

July 8, 2025

Lake Land College to host grand opening celebration for Effingham Technology Center – wandtv.com

July 7, 2025

Categories

Archives

July 2025
MTWTFSS
 123456
78910111213
14151617181920
21222324252627
28293031 
« Jun    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (710)
  • Economy (735)
  • Entertainment (21,623)
  • General (15,771)
  • Health (9,773)
  • Lifestyle (740)
  • News (22,149)
  • People (735)
  • Politics (744)
  • Science (15,952)
  • Sports (21,233)
  • Technology (15,718)
  • World (716)

Recent News

An episodic burst of massive genomic rearrangements and the origin of non-marine annelids – Nature

Explosive Genomic Shifts Ignite the Evolutionary Rise of Land-Dwelling Annelids

July 8, 2025
Earth is going to spin much faster over the next few months — so fast that several days are going to get shorter – Live Science

Earth is going to spin much faster over the next few months — so fast that several days are going to get shorter – Live Science

July 8, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version