Daily digest market movers: Mexican Peso extended its losses despite mixed US data 에서

08 Sep 2024, 14:51 · Views 68

Mexico’s data revealed during the week show the economy is slowing due to higher interest rates set by the Bank of Mexico.
Most banks expect the Bank of Mexico (Banxico) to reduce rates by at least 50 basis points (bps) for the remainder of 2024. This would pressure the Mexican currency, which has depreciated 17.38% year to date.
US ADP Employment Change for August dipped from 111K to 99K, missing estimates of 145K. Contrarily, Initial Jobless Claims for the week ending August 31 slid from 232K to 227K, lower than the 230K expected.
ISM Services PMI for August was better than projections, increasing by 51.5 from 51.4 in July, above the consensus for a 51.1 drop.
US Nonfarm Payrolls in August are expected to grow from 114K to 163K, while the Unemployment Rate is foreseen ticking lower from 4.3% to 4.2%.
Data from the Chicago Board of Trade (CBOT) suggests the Fed will cut at least 104 basis points this year, up from a day ago’s 103 bps, according to the fed funds rate futures contract for December 2024.

면책 조항: 본 게시글에 표현된 견해는 전적으로 작성자의 견해이며 Followme의 공식 입장을 대변하지 않습니다. Followme는 제공된 정보의 정확성, 완전성 또는 신뢰성에 대해 책임을 지지 않으며, 서면으로 명시적으로 언급되지 않는 한 해당 내용을 기반으로 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다.

이 글이 마음에 드시나요? 작성자에게 팁을 보내 감사의 마음을 전하세요.