Mexican Peso Dec '12 (M6Z12)
Mexican Peso Futures Market News and Commentary
The dollar index (DXY00) fell from a 2-month high on Thursday, finishing down by -0.17%.  The dollar gave up an early advance on Thursday and moved lower after stocks rallied sharply and crude oil prices sank when President Trump said he called off planned strikes against Iran and that a peace deal to end the war was imminent. Thursday’s -2% slump in crude oil prices undercut inflation expectations and could prompt the Fed to loosen monetary policy, a bearish factor for the dollar.  The dollar was also pressured on Thursday after weekly US jobless claims unexpectedly rose to a 4-month high, a dovish factor for Fed policy.Â
The dollar initially moved higher on Thursday amid concerns over the escalation of the US-Iran conflict, which boosted safe-haven demand for the dollar after President Trump said the US would keep attacking Iran and threatened to seize Kharg Island, Iran’s main crude exporting hub.
The dollar also benefits from safe-haven demand amid the ongoing hosti... Read more
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Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 680)
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