* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Monday, September 8, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Monumental Sports & Entertainment Sets Corporate Direction at Nasdaq – PR Newswire

    Monumental Sports & Entertainment Reveals Bold New Corporate Vision at Nasdaq

    The Secret to What Made ‘CarJack’ Work on As the World Turns – yahoo.com

    The Surprising Secret Behind ‘CarJack’s’ Success on As the World Turns

    Victor Garber on his viral “And Just Like That” toilet scene: ‘I was delighted to be doing something ridiculous’ (exclusive) – yahoo.com

    Victor Garber on his viral “And Just Like That” toilet scene: ‘I was delighted to be doing something ridiculous’ (exclusive) – yahoo.com

    Pendulum Announce Homecoming 2026 Australian Tour – yahoo.com

    Pendulum Announces Thrilling Homecoming Tour Across Australia in 2026

    ITV Studios Launches New Entertainment Label – Global Bulletin – IMDb

    ITV Studios Unveils Exciting New Entertainment Label

    TS Entertainment bringing Malibu Jack’s to former Owensboro mall – Lane Report

    TS Entertainment Launches Malibu Jack’s at Former Owensboro Mall Location

  • 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
    AI will reshape internet, create jobs in West Virginia says High Technology Foundation’s Estep – WV News

    How AI Is Set to Transform the Internet and Boost Job Growth in West Virginia

    Industry partner provides Ferris State Plastics Engineering Technology students with state-of-the-art equipment to gain in-demand skills – Ferris State University

    Industry Partner Equips Ferris State Plastics Engineering Students with Cutting-Edge Technology to Boost In-Demand Skills

    Health Technology Ecosystem – Centers for Medicare & Medicaid Services | CMS (.gov)

    Discover the Future of Health Technology: Innovations Revolutionizing Patient Care

    Coherent Joins LLNL’s STARFIRE Diode Technology Working Group to Advance Inertial Fusion Energy – GlobeNewswire

    Coherent Partners with LLNL’s STARFIRE Team to Drive Breakthroughs in Inertial Fusion Energy

    Gene Associated With Deadly Heart Disease in Golden Retrievers Identified – Technology Networks

    Breakthrough Discovery Uncovers Gene Behind Deadly Heart Disease in Golden Retrievers

    Monkey Island LNG Picks ConocoPhillips’ Liquefaction Technology – Hart Energy

    Monkey Island LNG Selects ConocoPhillips’ Advanced Liquefaction Technology for Next-Gen Energy Solutions

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Monumental Sports & Entertainment Sets Corporate Direction at Nasdaq – PR Newswire

    Monumental Sports & Entertainment Reveals Bold New Corporate Vision at Nasdaq

    The Secret to What Made ‘CarJack’ Work on As the World Turns – yahoo.com

    The Surprising Secret Behind ‘CarJack’s’ Success on As the World Turns

    Victor Garber on his viral “And Just Like That” toilet scene: ‘I was delighted to be doing something ridiculous’ (exclusive) – yahoo.com

    Victor Garber on his viral “And Just Like That” toilet scene: ‘I was delighted to be doing something ridiculous’ (exclusive) – yahoo.com

    Pendulum Announce Homecoming 2026 Australian Tour – yahoo.com

    Pendulum Announces Thrilling Homecoming Tour Across Australia in 2026

    ITV Studios Launches New Entertainment Label – Global Bulletin – IMDb

    ITV Studios Unveils Exciting New Entertainment Label

    TS Entertainment bringing Malibu Jack’s to former Owensboro mall – Lane Report

    TS Entertainment Launches Malibu Jack’s at Former Owensboro Mall Location

  • 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
    AI will reshape internet, create jobs in West Virginia says High Technology Foundation’s Estep – WV News

    How AI Is Set to Transform the Internet and Boost Job Growth in West Virginia

    Industry partner provides Ferris State Plastics Engineering Technology students with state-of-the-art equipment to gain in-demand skills – Ferris State University

    Industry Partner Equips Ferris State Plastics Engineering Students with Cutting-Edge Technology to Boost In-Demand Skills

    Health Technology Ecosystem – Centers for Medicare & Medicaid Services | CMS (.gov)

    Discover the Future of Health Technology: Innovations Revolutionizing Patient Care

    Coherent Joins LLNL’s STARFIRE Diode Technology Working Group to Advance Inertial Fusion Energy – GlobeNewswire

    Coherent Partners with LLNL’s STARFIRE Team to Drive Breakthroughs in Inertial Fusion Energy

    Gene Associated With Deadly Heart Disease in Golden Retrievers Identified – Technology Networks

    Breakthrough Discovery Uncovers Gene Behind Deadly Heart Disease in Golden Retrievers

    Monkey Island LNG Picks ConocoPhillips’ Liquefaction Technology – Hart Energy

    Monkey Island LNG Selects ConocoPhillips’ Advanced Liquefaction Technology for Next-Gen Energy Solutions

    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

USD/MXN slumps below 17.2000 as Mexican inflation cools down, US NFP disappoints

July 8, 2023
in Business
USD/MXN slumps below 17.2000 as Mexican inflation cools down, US NFP disappoints
Share on FacebookShare on Twitter

Mexican Peso recovers as weak US data sparks a sell-off, bringing USD/MXN down from a four-week high.
US job growth disappoints, triggering Dollar weakness; inflation fears persist as Average Hourly Earnings rise.
Mexican inflation declines for the fifth month, defying estimates; CME FedWatch Tool shows heightened odds for a Fed rate hike.

The Mexican Peso (MXN) recovered some ground on Friday as soft data on the United States (US) triggered a US Dollar (USD) sell-off. Hence the USD/MXN dropped from four-week highs, trading at 17.1388, down 0.55%.

USD/MXN reacts to underwhelming Nonfarm Payrolls figures and inflation concerns

The US Department of Labor revealed that June’s Nonfarm Payrolls figures for June showed that the economy added 209K jobs, beneath forecasts of 225K, triggering US Dollar weakness across the board. The Unemployment Rate portrayed a tight labor market, with June figures coming at 3.6% vs. 3.7%, while Average Hourly Earning (AHE) expanded 4.4% YoY, above the prior’s month 4.2%, adding to inflationary pressures, keeping the US Federal Reserve (Fed) under pressure.

Following the data, the USD/MXN continued its downtrend, falling from 17.30 to 17.11. Meanwhile, the US 10-year Treasury note yields 4.058%, falls one and a half basis points, while the US Dollar Index (DXY), a gauge of the buck’s value against a basket of six currencies, dives to 102.279, losses 0.81% after staying above the 103.000 during the past four days.

Across the border, the Mexican economic docker revealed June’s inflation fell for the fifth straight month to 5.06%, as shown by INEGI. Consumer prices dropped 0.10% in June from May, exceeding estimates of -0.09%. Annual core CPI which strips volatile items, was 6.89% in June, above forecasts of 6.87%.

Regarding expectations for the US Federal Reserve (Fed) July monetary policy, the CME FedWatch Tool shows odds standing at 92.4%, higher than last week’s 86.8%; nonetheless, investors are not estimating additional hikes, even though the Fed’s dot-plot shows the Federal Funds Rate (FFR) peaking at 5.6%.

USD/MXN Price Analysis: Technical outlook

Given the fundamental backdrop, the USD/MXN would likely continue to edge down as the interest rate differential between Mexico (11.25%), and the US (5.125%) favors the Mexican Peso (MXN). The USD/MXN could be re-testing the 17.0000 figure, but some support levels must be surpassed on its way down. The USD/MXN’s first support level would be the 17.1000 mark, followed by the 17.0000 figure. Breach of the latter will expose the year-to-date (YTD) low at 16.9761.

USD/MXN Daily chart

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/usd-mxn-slumps-below-172000-as-mexican-inflation-cools-down-us-nfp-disappoints-202307072044

Tags: businessMexicanslumps
Previous Post

S&P 500 bears are moving in but on the front side of bull trend

Next Post

EUR/JPY rejected at the 20-day, still set for further downside

Invasive flathead catfish now top predators in Susquehanna River in Pennsylvania – Phys.org

Invasive Flathead Catfish Rise to Top Predator Status in Pennsylvania’s Susquehanna River

September 8, 2025
Column | Is whole milk better than low-fat? Here’s what the science says. – The Washington Post

Column | Is whole milk better than low-fat? Here’s what the science says. – The Washington Post

September 8, 2025
Ripple will launch their Fall 2025 Watershed Science Field Season following DayOne – Montana Tech

Ripple Launches Exciting Fall 2025 Watershed Science Field Season

September 8, 2025
Cancer risk according to lifestyle risk score trajectories: a population-based cohort study – Nature

Cancer risk according to lifestyle risk score trajectories: a population-based cohort study – Nature

September 8, 2025
AI will reshape internet, create jobs in West Virginia says High Technology Foundation’s Estep – WV News

How AI Is Set to Transform the Internet and Boost Job Growth in West Virginia

September 8, 2025
University of Missouri changes student ticket claim process to lottery – KOMU 8

University of Missouri Launches Exciting New Lottery System for Student Ticket Claims

September 8, 2025
Poland vs Finland: UEFA World Cup Qualifiers stats & head-to-head – BBC

Poland vs Finland: Key Stats and Head-to-Head Showdown in UEFA World Cup Qualifiers

September 8, 2025
Putin Ally Issues Dire Warning About Russian Economy – Newsweek

Putin Ally Issues Stark Warning About Russia’s Economic Future

September 8, 2025
Monumental Sports & Entertainment Sets Corporate Direction at Nasdaq – PR Newswire

Monumental Sports & Entertainment Reveals Bold New Corporate Vision at Nasdaq

September 8, 2025
Trump’s new law will limit payments to hospitals that treat low-income patients – Stateline

Trump’s New Law Targets Major Cuts to Payments for Hospitals Serving Low-Income Patients

September 8, 2025

Categories

Archives

September 2025
MTWTFSS
1234567
891011121314
15161718192021
22232425262728
2930 
« Aug    
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 (813)
  • Economy (830)
  • Entertainment (21,708)
  • General (16,921)
  • Health (9,872)
  • Lifestyle (844)
  • News (22,149)
  • People (833)
  • Politics (837)
  • Science (16,040)
  • Sports (21,330)
  • Technology (15,811)
  • World (812)

Recent News

Invasive flathead catfish now top predators in Susquehanna River in Pennsylvania – Phys.org

Invasive Flathead Catfish Rise to Top Predator Status in Pennsylvania’s Susquehanna River

September 8, 2025
Column | Is whole milk better than low-fat? Here’s what the science says. – The Washington Post

Column | Is whole milk better than low-fat? Here’s what the science says. – The Washington Post

September 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