Mexican Peso Dec '20 (M6Z20)
Mexican Peso Futures Market News and Commentary
The dollar index (DXY00) on Thursday rose +0.5363 (+0.57%). Dec euro-fx futures (E6Z0) closed down -0.0081 (-0.69%), and EUR/USD (^EURUSD) fell -0.0074 (-0.63%). Dec yen futures (J6Z0) closed down -0.0030 (-0.31%), and USD/JPY (^USDJPY) rose +0.34 (+0.33%).
The dollar index on Thursday rallied for a second day and posted a 3-1/2 week high. Stronger-than-expected U.S. economic data and higher T-note yields boosted the dollar on Thursday. EUR/USD slumped to a 1-month low after the ECB signaled it might boost stimulus measures. USD/JPY rebounded from a 5-week low and moved higher as the yen weakened after the BOJ cut its Japan 2020 GDP forecast.
Thursday's better-than-expected U.S. economic data is supporting gains in the dollar. U.S. Q3 GDP rose by a record +33.1% (q/q annualized), the fastest pace of growth since the data began in 1947 and stronger than expectations of +32.0%. Also, Q3 personal consumption rose +40.7%, (data from 1947) stronger than expectations of +38.... Read more
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