USD/MXN Forecast: Peso Under Pressure as Banxico Decision Approaches
USD/MXN is on track to close the session with gains of more than 0.85% in favor of the U.S. dollar, as markets await the Banco de México (Banxico) monetary policy decision, scheduled for February 5. The renewed weakness in the Mexican peso seen over recent sessions is largely driven by the strengthening of the U.S. dollar, a factor that could continue to reinforce buying pressure in the pair over the coming sessions.
USD/JPY Recovery Rally, EUR/JPY, GBP/JPY in Front of ECB, BoE
USD/JPY has come back to life in a big way over the past week, starting with Scott Bessent's comment denying that the US had a role in intervention in the Japanese Yen. The question now is whether bulls continue the push as price gets closer the 159.00 level that started the stall previously.
USD/INR: Trade deal boosts sentiment but risks remain – OCBC Bank
USD/INR: Trade deal boosts sentiment but risks remain – OCBC Bank
Gold slides nearly 1% as US Dollar firms, geopolitics tensions de-escalate
Gold slides nearly 1% as US Dollar firms, geopolitics tensions de-escalate
Bessent Intensifies Focus on China-Related Money Laundering Networks
Bessent is increasing efforts to investigate and combat money laundering networks linked to China. This heightened scrutiny aims to disrupt illicit financial activities connected to the region.
18 Counterparties Utilize $2.414 Billion in Fed Reverse Repo Operation
Eighteen counterparties participated in the Federal Reserve's reverse repurchase agreement operation, totaling $2.414 billion. This move reflects ongoing liquidity management by the Fed in the financial markets.
Bessent Affirms Fed’s Independence and Credibility Amid Political Speculation
Bessent emphasizes the Federal Reserve's need to maintain independence and credibility, avoiding political influence. He refrains from commenting on President Trump's authority to dismiss Fed officials over policy disagreements.
Foreign Funds Maintain Strong Inflows into U.S. Treasuries and Equities
Bessent reports that foreign investment continues robustly in U.S. Treasuries and equities, alongside significant foreign direct investment into the United States. This sustained inflow highlights ongoing global confidence in U.S. financial markets.
Foreign Inflows into U.S. Treasuries and Equities Remain Strong, Says Bessent
Bessent reports sustained robust foreign investment in U.S. Treasuries alongside significant continued inflows into U.S. equities. This trend highlights ongoing global confidence in U.S. financial markets.
US Treasury Sec Bessent: Tariffs Did Not Cause Significant Inflation
US Treasury Secretary Bessent stated that tariffs have failed to trigger any meaningful inflation pressure in the economy. This suggests that trade policies have not contributed significantly to rising prices. The assessment may influence expectations around inflation and monetary policy.