Mexican Peso Futures Market News and Commentary
The dollar index (DXY00) this morning is down -0.155 (-0.15%). Dec euro-fx futures (E6Z0) are up +0.0017 (+0.14%), and EUR/USD (^EURUSD) is up +0.0020 (+0.18%). Dec yen futures (J6Z0) are up +0.0025 (+0.26%), and USD/JPY (^USDJPY) is down -0.26 (-0.25%).
The dollar index this morning is moving lower as strength in stocks curbs the liquidity demand for the dollar. EUR/USD is modestly higher on dollar weakness, although gains were limited on data that shows the market awash in euros. USD/JPY is modestly lower as the yen strengthened on dollar weakness.
Stocks are moving higher today, which is reduces the dollar's liquidity demand. An increase in M&A activity this morning is pushing chipmakers higher and leading gains in technology stocks after AMD agreed to buy Xilinx for $35 billion in an all-stock deal. Also, better-than-expected Q3 company quarterly earnings today are giving the overall market a lift as 22 out of 23 S&P 500 companies that reported quarterly earnings t... Read more