A new rate cut for the euro is expected to be considered by the ECB in October following the FED which cut its interest rates by half a point last Wednesday. The announcements of J. Powell pave the way for the ECB to proceed with a second cut in euro interest rates by 0.25 basis … Read more
Mexico City., Following the broad rate cut by the United States Federal Reserve (Fed), awaiting the monetary policy decision by the Bank of Mexico this week, and given the monetary surprise in China, the Mexican peso starts the last week of September at levels close to 19.34 per dollar. At the opening of the American … Read more
The Mexican peso reached its best day in 17 days on Thursday. The Mexican currency found a boost in the weakness of the dollar, after the latest macroeconomic data in the United States indicate that the Federal Reserve (Fed) will begin to reduce the cost of credit next week. The Mexican peso registered a gain … Read more
The exchange rate in Mexico starts the week at 19.8331 pesos per dollar. In the face of a week full of economic information and in view of the monetary policy decisions of central banks such as those of the United States and Mexico, the Mexican peso starts the week around 19.80, very much awaiting the … Read more
Promises live on, even if they are not kept. The European Central Bank (ECB) promises the 350 million people in the monetary union that their euro will be worth as much tomorrow as it is today. This is written immutably on its website, as if the past three years had never happened. During this period, … Read more
This year’s Jackson Hole symposium has a special feature, as it takes place in the middle of the election season. And the election is undoubtedly a big challenge for independent central banks. This is because the monetary policy makers cannot on the one hand prejudge the outcome, and on the other hand know what the … Read more
The markets are breathing a sigh of relief today, and in Germany there is an attempt at a market recovery. Commerzbank is also benefiting from this. Tomorrow the bank will present figures for the past quarter. In the coming months, monetary policy is likely to be the focus for financial stocks. On Tuesday, the markets … Read more
Mexico City. While waiting for the US Federal Reserve (Fed) to clearly open the door today to a cut in interest rates in September, and after the rate hike by the Bank of Japan, which adds news to the session this Wednesday, the Mexican peso moderates its two-day losses against the dollar, which is falling … Read more
The potential of adjusting financial coverage to new inflation information launched yesterday was supported by San Francisco Federal Reserve Financial institution President Mary Daly. He known as June’s inflation monitor information a aid and stated additional easing in each inflationary pressures and the labor market would warrant charge cuts. “With the data we acquired at … Read more
Wells Fargo’s second-quarter revenue fell because it spent extra to retain deposits amid intense competitors for patrons’ cash, the lender mentioned on Friday. Banks at the moment are going through the results of upper rates of interest for longer as extra clients are reluctant to take out new loans at excessive prices. Banks are additionally … Read more