确认您不是来自美国或菲律宾

在此声明,本人明确声明并确认:
  • 我不是美国公民或居民
  • 我不是菲律宾居民
  • 本人没有直接或间接拥有美国居民10%以上的股份/投票权/权益,和/或没有通过其他方式控制美国公民或居民。
  • 本人没有直接或间接的美国公民或居民10%以上的股份/投票权/权益的所有权,和/或受美国公民或居民其他任何方式行使的控制。
  • 根据FATCA 1504(a)对附属关系的定义,本人与美国公民或居民没有任何附属关系。
  • 我知道做出虚假声明所需付的责任。
就本声明而言,所有美国附属国家和地区均等同于美国的主要领土。本人承诺保护Octa Markets Incorporated及其董事和高级职员免受因违反本声明而产生或与之相关的任何索赔。
我们致力于保护您的隐私和您个人信息的安全。我们只收集电子邮件,以提供有关我们产品和服务的特别优惠和重要信息。通过提交您的电子邮件地址,您同意接收我们的此类信件。如果您想取消订阅或有任何问题或疑虑,请联系我们的客户支持。
Octa trading broker
开通交易账户
Back

USD/MXN extends gains to near 16.99 on risk-off mood despite upbeat Mexico inflation data

  • USD/MXN gains ground as risk-on sentiment shifts to risk aversion.
  • Upbeat Mexico’s inflation data could refrain Banxico from easing monetary policy in February’s meeting.
  • Traders await US CPI data to gain more cues on the Fed’s interest rate trajectory.

USD/MXN continues to gain ground, advancing further near 16.99 during the European session on Wednesday. The USD/MXN pair received upward support from the risk-off market sentiment. However, the upward trend in Mexico's consumer inflation might influence the Bank of Mexico (Banxico) to adopt a measured approach to easing monetary policy in the upcoming period. This is expected to provide support for the Mexican Peso (MXN) in the foreseeable future.

Mexico's 12-month inflation for December climbed to 4.66%, up from the previous 4.32%. Headline inflation increased to 0.71%, contrary to the anticipated contraction of 0.61% and the prior reading of 0.64%. Core inflation stood at 0.44%, slightly below the expected 0.50%. Traders are likely to keep an eye on Thursday's Industrial Output data, with expectations of a slowdown in the production of Mexican industries.

The US Dollar Index (DXY) holds steady around 102.50 after recent gains, attempting to build on its profits amid uncertain movements in US Treasury yields. As of now, the 2-year and 10-year yields on US bond coupons stand at 4.34% and 4.0%, respectively. The Greenback might find support if the prevailing risk aversion sentiment continues to improve, especially with December's Consumer Price Index (CPI) data from the United States set to be released on Thursday.

Investors are keenly awaiting signals from the Federal Reserve regarding the interest rate trajectory. While higher interest rates could potentially impact aggregate demand, leading to subdued growth and a softer labor market, the Fed is anticipated to refrain from implementing any rate cuts in its upcoming January policy meeting.

 

ECB’s de Guindos: Rapid pace of disinflation likely to slow down in 2024

During his scheduled appearance on Wednesday, European Central Bank (ECB) Vice President Luis de Guindos said that “the rapid pace of disinflation that we observed in 2023 is likely to slow down this year.” Additional takeaways Disinflation process to pause temporarily at the beginning of the year.
了解更多 Previous

EUR/NOK: Decline to persist on inability to cross 11.56/11.59 hurdle – SocGen

The Norwegian Krone has started the European FX session a touch weaker.
了解更多 Next