Mexican Peso Mar '20 (M6H20)
Mexican Peso Futures Market News and Commentary
The dollar index (DXY00) on Friday rose +0.056 (+0.06%). Mar euro-fx futures (E6H0) closed down -0.0035 (-0.03%), and EUR/USD (^EURUSD) fell -0.0002 (-0.02%). Mar yen futures (J6H0) closed up +0.0003 (+0.03%), and USD/JPY (^USDJPY) fell -0.05 (-0.05%).
The dollar index climbed to a fresh 4-month high Friday and finished with modest gains. A jump in U.S. consumer sentiment to nearly a 2-year high fueled gains in the dollar while weak Eurozone economic data sent EUR/USD down to a new 2-3/4 year low.
Friday's U.S. economic data was mostly dollar-supportive after Jan retail sales rose +0.3% and +0.3% ex-transportation, right on expectations, and Jan manufacturing production fell -0.1%, right on expectations. Also, the University of Michigan U.S. Feb consumer sentiment unexpectedly rose +1.1 to a nearly 2-year high of 100.9, stronger than expectations of -0.3 to 99.5. Finally, the Jan import price index ex-petroleum unexpectedly rose +0.2% m/m, stronger than expectations of... Read more
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