Mexican Peso Sep '27 (M6U27)
Mexican Peso Futures Market News and Commentary
The dollar index (DXY00) is up by +0.22% today. The dollar is climbing today amid higher T-note yields, which are strengthening the dollar’s interest rate differentials. Also, today’s more than +2% increase in WTI crude oil prices is raising inflation expectations and may persuade the Fed to tighten monetary policy, a supportive factor for the dollar.
President Trump on Sunday signaled he's prepared to let economic pressure on Iran build rather than launch additional military strikes, saying the US was only "semi-negotiating" with Iran on the Strait of Hormuz and that the US blockade of Iran was deepening the country's financial woes.
The risk of a renewed flare-up across the Middle East remains high, which is providing safe-haven demand for the dollar. Another UAE tanker was targeted by an Iranian missile on Saturday while transiting the Strait of Hormuz. Also, on Sunday, Houthi militants in Yemen claimed an attack on Saudi Arabia's Jazan refinery.
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Barchart · Mon Aug 10, 9:32AM CDT
The dollar index (DXY00 ) is up by +0.22% today. The dollar is climbing today amid higher T-note yields, which are strengthening the dollar’s interest...
Barchart · Fri Aug 7, 2:34PM CDT
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Barchart · Fri Aug 7, 9:31AM CDT
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