Forex News
Foreign exchange market news and currency analysis. Track USD, EUR, GBP, and JPY movements, central bank policies, and forex trading signals.
Loonie Hits 2½-Month Peak; Tariff Truce Leaves Risk Skewed
The Canadian dollar climbed to its strongest level since June 2, buoyed by a temporary U.S. tariff suspension, yet a 1.4-to-1 downside risk skew persists as trade talks remain uncertain.
Cemex Stock Gains on Peso Strength, Currency Tailwind Seen at 8%
Cemex (NYSE:CX) benefits as the peso approaches 17 per dollar, an 8% currency translation gain vs. guidance. Q2 EBITDA rose 24%, free cash flow tripled.
Rupiah Gains on Damayanti's Sole Candidacy for BI Governor
Indonesia's rupiah rallied to its strongest level since June 18 after President Prabowo nominated Destry Damayanti as sole candidate for Bank Indonesia governor, reducing policy uncertainty.
Yen's Slide Persists Despite Record Speculative Short Squeeze
The yen weakened to 159.14 despite a sharp reduction in speculative shorts, as BOJ's hawkish tone failed to offset dollar strength and inflation concerns.
Peso Gains as Investors Eye Banxico's Next Move
The Mexican peso strengthened for a fourth straight session, closing at 17.2583 per dollar, as investors await Banxico's rate decision. Carry advantage and reduced risk aversion support the currency.
Peso's July Rally Narrows Carry Trade Advantage
The Mexican peso rose 1.02% in July, but carry trade returns are nearly offset by forecast depreciation. Banxico holds rates ahead of policy decision.
Naira Rises 1.4% on Thin Volume, Fuel Demand Looms
The naira closed at ₦1,362.09 per dollar, up 1.4% on the week, but thin liquidity and a widening parallel premium suggest a fragile rally. Fuel importers' dollar demand poses a key test.
Mexican Peso Holds Near 17.42 as Carry Trade Appeal Faces Year-End Forecast
USD/MXN opens at 17.4211 as the peso's carry trade faces a year-end forecast of 17.90, with trade policy and rate differentials in focus.
Peso's 0.34% Drop Erodes Six Weeks of Carry Trade Gains
The Mexican peso fell 0.34% on Thursday, wiping out nearly six weeks of gross carry for dollar-funded trades, as the dollar strengthened on risk-off sentiment.
Mexican Peso Holds Near 17.50 as Oil Plunge Precedes US CPI Data
The Mexican peso trades near 17.50 per dollar as Brent crude slides nearly 14% ahead of US CPI data. Wide yield spreads support the currency, but risks from geopolitical tensions and US rate expectations remain.
Peso Drops as Oil Surge Wipes Out Month of Carry Trade Gains
The Mexican peso slipped 0.35% to 17.52 per dollar on Monday, erasing a month of carry trade gains as Brent crude surged 9.6% on U.S.-Iran tensions near the Strait of Hormuz.
Mexican Peso Rises on Soft US Jobs Data; USMCA Auto Talks Loom
Mexican peso strengthened to 17.47 per dollar after weak US payrolls data, but USMCA auto rule negotiations pose future risk.