The Impact of USD/MXN Plummeting Below 17.0000 Recently, the USD/MXN exchange rate dropped below 17.0000 after the Department of Labor in the United States revealed that inflation had risen above the previous month’s data but was still below estimates. This news was interpreted as a signal that the US Federal Reserve tightening cycle has come…
The GBP/JPY Cross Continues its Upward Trajectory Introduction The GBP/JPY cross has been on a steady climb since the beginning of the current week, reaching over a one-month high during the early part of the European session on Thursday. With spot prices trading just above the mid-183.00 levels, there is potential for the cross to…
Gold Price Struggles to Defend Gains Amid US Inflation Data XAU/USD Faces Challenges Amid Market Uncertainty The gold price (XAU/USD) is currently struggling to defend its first daily gains at the lowest level in a month, as the market braces for the upcoming US inflation data. The Consumer Price Index (CPI) for July is expected…
EUR/USD: Navigating Through Pre-Data Anxiety The EUR/USD currency pair aptly portrays the pre-data anxiety as it seesaws around 1.0975-80 during the early hours of Thursday’s Asian session. The pair is struggling to extend the previous day’s corrective bounce from the weekly low, highlighting the mixed catalysts surrounding the US and Eurozone economies. The looming fears…
