USD/MXN Price News: Mexican Peso struggles to justify strong bullish options market signals above 17.00

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

USD/MXN Price News: Mexican Peso struggles to justify strong bullish options market signals above 17.00 – by anilpanchal7 USDMXN Mexico Options RiskAversion Markets

That said, the Mexican Peso pair dropped 0.15% on Wednesday even as Mexico’s inflation data for July came in softer than expected but were mixed when compared to the previous readings.USD/MXN drops as inflation cools down in Mexico, traders eye Banxico’s monetary policy decision

While portraying the options market bias, the one-month Risk Reversal of the USD/MXN pair, a measure of the spread between call and put prices, dropped the most in a month to -0.065 by the end of Wednesday’s North American trading session. Elsewhere, the US Dollar Index lacks clear directions near 102.50 after snapping a two-day losing streak as markets await the US inflation data, per the Consumer Price Index for July. Analysts’ expectations suggest an improvement in the headline CPI to 3.3% YoY versus 3.0% prior while the Core CPI, namely the CPI ex Food & Energy, may remain unchanged at 4.8%.Information on these pages contains forward-looking statements that involve risks and uncertainties.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 14. in BUSİNESS

Business Business Latest News, Business Business Headlines