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13 Mar 2023

US: President Biden to speak on the banking crisis at 13:00 GMT

US President Joe Biden will deliver remarks about the banking sector, which is on the spotlight following the collapse of Silicon Valley Bank and Signature Bank. Biden is set to speak at 13:00 GMT about how to “maintain a resilient banking system”.

The crisis with SVB triggered fear and panic across financial markets.

Mar 13, 2023

Mexico Industrial Output (MoM) came in at 0%, below expectations (0.5%) in January

USD/JPY plunges to 133.50 as bearish sentiment for USD prevails

USD/JPY opens the day of a new week at 134.97, dropping to an intraday low of 132.96 before hitting an intraday high of 134.99. The pair continues to