- The US JOLTs report showed a decrease of 632,000 job vacancies in February.
- Factory Orders in the US fell in February, caused by higher borrowing costs.
- Money market futures estimate a 57% chance of a pause in the Fed’s tightening cycle.
Despite the greenback’s weakness, the Mexican Peso (MXN) losses ground vs. the US Dollar (USD). Deterioration in market sentiment and worse-than-expected economic data from the United States (US) spurred capital outflows from emerging market economies. At the time of writing, the USD/MXN is trading at 18.1170, above its opening price by 0.34%.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased