Mexican Peso Futures Market News and Commentary
The dollar index (DXY00) on Tuesday fell -0.238 (-0.26%). March euro-fx futures (E6H1) closed up +0.0026 (+0.21%), and EUR/USD (^EURUSD) rose +0.0028 (+0.23%). March yen futures (J6H1) closed up +0.00014 (+0.15%), and USD/JPY (^USDJPY) fell (-0.12) (-0.12%).
The dollar index on Tuesday posted moderate losses on reduced liquidity demand after the S&P 500 rose to a new record high and after the International Monetary Fund (IMF) raised its 2021 global growth estimate and said the chance of a global recession this year is shallower than previously estimated.
EUR/USD rose moderately Tuesday, despite the warning from German Chancellor Merkel that the pandemic in Germany has "slipped out of control." USD/JPY fell back as the yen strengthened after the minutes of December's BOJ meeting said some policymakers were looking at ways to boost Japan's growth potential.
U.S. stock indexes on Tuesday moved slightly higher, which weighed on the liquidity d... Read more