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2 Jun 2015

USD/MXN retreats after 6-day rally

FXStreet (Córdoba) - The Mexican peso rose for the first time in a week against the US dollar and retreated after falling to the lowest level in four weeks yesterday.

Greenback dropped across the board and pushed USD/MXN to the downside. The pair peaked yesterday at 15.535 and finished below 15.500. Today price action remained steady during the Asian session and on European horus turned to the downside, accelerating after the release of US economic reports.

Price bottomed at 15.382 and then rebounded. Near the end of the American session it was trading at 15.425. The Mexican currency was having the best performance since May 15 against the US dollar.

Tomorrow important employment data from the US will be released with the ADP report while on Thursday Banxico will announce its decision on interest rates.
Jun 2, 2015

USD/CAD consolidates below 1.2400

The greenback keeps losing ground across the board on Tuesday, now dragging USD/CAD back to sub-1.2400 levels...
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Jun 2, 2015

Greece: Make or break time? - Rabobank

Analysts at Rabobank explained that it is crunch time in respect of Greece.
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