USDMXN The Mexican economy surprised investors after it dodged a possible contraction in the first three (3) months of fiscal 2021. Estimates for Q1 GDP is a decline of -3.5% from the 3.3% recorded in the final quarter of 2020. But the actual figure came in better-than-expected at 0.4%. On a year-over-year (YoY) basis, this …
EURUSD Investors will continue to ditch the single currency in favor of the US dollar. Analysts gave a 1.16000 price target for the EURUSD in the short-term. The catalyst for the bearish outlook in the Eurozone is the improving sentiment by business and consumers over the EU’s largest economy. The German Business Expectation report soar …
Hello traders! Here are the latest Forex charts and the analyses. Check the latest news concerning the currency pairs and provided comments before making the next move. EURRUB The Russian central bank joined its fellow BRICS member Brazil in raising the benchmark interest rate. The rate is now sitting at 4.50% or 25 basis points …
EURCAD Both Canada and the European Union have positive data from their recent reports. Consumer price index (CPI) from Germany has slowed down to 0.7% in February from 0.8% in the month prior. This will ease investors’ concern over rising inflation in Europe. Industrial production in the Eurozone is also up by 0.8% in January, …
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