Mexican Peso Jun '27 (M6M27)
Mexican Peso Futures Market News and Commentary
The dollar index (DXY00) on Wednesday rose by +0.27%.  Wednesday’s better-than-expected US economic news on Mar housing starts and Mar core capital goods new orders supported gains in the dollar.  Also, Wednesday’s +6% jump in crude oil prices increases inflation expectations, a hawkish factor for Fed policy, and a positive factor for the dollar.Â
The dollar raced to its highs on Wednesday afternoon after three FOMC members dissented in favor of no easing bias in the FOMC ‘s decision to keep policy unchanged. Also, hawkish comments from Fed Chair Powell support the dollar, as he said a bit of monetary policy restraint is the right place to be.
Heightened US-Iran tensions are boosting demand for the dollar as a safe-haven. The US and Iran are locked in a battle for control of the Strait of Hormuz, with both sides blocking the waterway to gain leverage during an extended ceasefire. The Wall Street Journal reported that President Trump told his aides to prepare for an e... Read more
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