Monthly Archives: June 2018

Mexico: Elections and USD/MXN – Nordea Markets

By | June 29, 2018

On Sunday, Mexicans will vote at presidential and parliamentary elections. According to Morten Lund, Research Analyst at Nordea Markets, polls suggest that the market-unfriendly, “anti-Trump” Andrés López (AMLO) will win, this could complicate the NAFTA negotiations and spell more trouble for the MXN. Key Quotes:  “On the foreign policy, AMLO has on several occasions expressed… Read More »

US: Consumer Sentiment drops modestly but consumer remain upbeat about the economy – Wells Fargo

By | June 29, 2018

The University of Michigan’s Consumer Sentiment Index dropped 1.1 points in late June to 98.2. Analysts at Wells Fargo, point out that while sentiment is still slightly higher than it was in May, the drop in late June likely reflects growing concerns about global trade. Key Quotes:  “Consumer sentiment fell 1.1 points in late June… Read More »

EUR/USD rallies on Friday to erase weekly losses

By | June 29, 2018

EUR/USD has the best performance in a month to end June flat. Week ahead: German politics, US holiday, FOMC minutes and NFP. The EUR/USD rose sharply on Friday on the back of an improvement in market sentiment coming from the EU summit and amid a bearish correction of the US Dollar. The euro climbed from… Read More »