Daily digest market movers: Mexican Peso shrugs off US election woes

avatar
· Views 172


  • The USD/MXN remains adrift from political turmoil in Mexico after the approval of the controversial judiciary reform.
  • Mexico’s Gross Fixed Investment (GFI) plunged -1.9% MoM in August, down from July’s 1.8% expansion. On an annual basis, investment dropped -1.9% for the same period, slumped from 6.4%.
  • On November 7, Mexico’s Inflation Rate for October is expected to rise from 4.58% YoY to 4.72% YoY. The core Inflation Rate for the same period is estimated to dip from 3.91% to 3.86%.
  • The US Census Bureau announced that US Factory Orders in September shrank -0.5% more than expected at -0.4% yet improved compared to August’s -0.8% fall.
  • Even though last week’s US Nonfarm Payrolls report was dismal, traders remain skeptical the Federal Reserve would cut rates by more than 25 basis points.
  • The Federal Open Market Committee (FOMC) is expected to cut rates by 25 bps on November 7.
  • Data from the Chicago Board of Trade, via the December fed funds rate futures contract, shows investors estimate 50 bps of Fed easing by the end of the year.

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.
댓글 0

더 오래된 의견은 없습니다. 소파를 가장 먼저 잡으십시오.

  • tradingContest