The Mexican Peso weakened significantly last week. Economists at Société Générale analyze USD/MXN outlook. A large downside is not envisaged USD/MXN s
USD/MXN staged the expected rebound after carving out higher trough near 17.00 in September. It has faced interim hurdle near 200-DMA and the trend line drawn since July 2022 at 17.85/18.00.A move beyond 17.85/18.00 could result in an extended up move towards 18.25 and 18.60, the 76.4% retracement from March.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.EUR/USD is in the red near 1.0550, having broken the Asian consolidation to the downside in the European session on Monday. The pair is weighed by a buoyant US Dollar amid higher US Treasury bond yields and a cautious mood. US ISM PMI and Powell's speech eyed.GBP/USD is trading below 1.
Gold price continues losing ground for the sixth straight day and drops to a near seven-month low. Bets for further policy tightening by the Fed turn out to be a key factor weighing on the “XAU/USD”.With the start of 2023’s fourth quarter, things are finally getting interesting in crypto. While the next 12 weeks are extremely important, let’s start by focusing on what to expect this week.The ISM will publish the United States September Manufacturing PMI today.
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