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Mexican Peso Slides As Industrial Output, Fixed Investment Drop

The Mexican peso slipped against multiple currency rivals to kick off the trading week as weak industrial output, fixed investment, and consumer confidence impacted the currency. Despite the disappointing numbers, the central bank anticipates the economy to record a strong first quarter. Is this enough to lift the peso?

Great Britain Pound Soft After BoE Governor Hints at Interest Rate Cut

The Great Britain pound dropped today, though by now it has managed to trim losses against some of its rivals. The main reason for the decline were comments from Bank of England Governor Mark Carney that suggested a possible interest rate cut. Continuing Brexit uncertainty was also hurting the currency.

Japanese Yen Flat As Data Elevates Recession Talk

The Japanese yen is trading relatively flat against some of the most-traded currencies in the market as a string of disappointing data has elevated recession talk. After some reprieve from bearish data, it looks like the world’s third-largest economy is still unable to rejuvenate growth, despite the government’s planned $120 billion stimulus. The question that is now dominating global financial markets is: What’s next?

Canadian Dollar Dips As Economy Contracts In October

The Canadian dollar is trading a bit lower against multiple currency competitors to start the trading week, driven by a recent string of disappointing economic numbers, including a surprising economic contraction in October. The loonie has still been one of the best-performing currencies among G20 nations, but anemic growth could affect its performance heading into 2020.

Mexican Peso Demonstrates Good Performance Despite Interest Rate Cut by Banxico

Friday’s performance of the Mexican peso was rather good considering that Mexico’s central bank decided to cut interest rates. The currency was about flat versus the US dollar and even managed to gain on the extremely weak euro. The good performance could be explained by the fact that the bank refrained from a deeper cut and its policy statement sounded less dovish than expected.

Swedish Krona Mixed After Rallying on Interest Rate Hike

The Swedish krona fell a little against the strong currencies like the US dollar and the Great Britain pound but jumped versus the vulnerable euro today. Yesterday, the currency rallied thanks to the much-anticipated interest rate hike from Sweden’s central bank.

Canadian Dollar Gets Boost from CPI & Crude Oil Prices

The Canadian dollar climbed against its most-traded peers, emerging as the strongest major currency today. The combination of robust inflation and resilient prices for crude oil was the reason for the currency’s amazing performance.

Australian Dollar Sinks After RBA Minutes Hint at Interest Rate Cut

The Australian dollar fell against all other of its most-traded rivals, including commodity currencies, after the minutes from the Reserve Bank of Australia made market participants believe that the central bank will cut interest rates in the near future.

US Dollar Strengthens As Federal Reserve Leaves Interest Rates Unchanged

The US dollar is strengthening against most major currency rivals midweek as the Federal Reserve left interest rates unchanged amid a strong national economy. The greenback is also reacting to higher price inflation and a robust housing market.

US Dollar Forecast for December 09-13, 2019

The US dollar performed very poorly last week despite the better-than-expected employment report. This week will have a couple important macroeconomic releases as well as a monetary policy meeting of the US central bank. Yet it is very likely that factors outside of the United States will have a bigger impact on the greenback.

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