Category forex

Banxico Rate Cuts Set to Boost USD/MXN Pair

Commerzbank expects further easing by Mexico’s central bank to weaken the peso against the dollar in coming months. The USD/MXN pair is poised to rise as Banxico’s easing cycle gains momentum. Analysts anticipate a second 25-basis-point rate cut following March’s initial r

Sterling Hits Fresh Highs

Pound reaches highest levels since mid-February The GBP/USD exchange rate climbed to 1.3599 on Thursday. This marks a significant increase for sterling, which is testing its highest levels since mid-February. The US Dollar's weakness has contributed to the

The Bank of Japan is Back in the Yen Market

Japan appears to be experiencing déjà vu from 2022: energy prices are soaring, the yen is hitting new lows, and the country’s finance minister is warning of possible interventions in the foreign exchange market. In fact, the first round of intervention may have already tak