The USD/MXN exchange rate has recently pulled back, ending the strong Mexican peso sell-off a few weeks ago. It retreated from this month’s high of 20.93 to the current 20.40 and is hovering near its lowest point since December 26.
Mexico's annual inflation rate slowed to its lowest level in almost four years in the first half of January, official data showed on Thursday, a price level likely to encourage the central bank to keep cutting borrowing costs.
Mexico’s annual inflation dipped into the Bank of Mexico's target range in early January, it's lowest level in almost four years.
Brooke Roach, analyst at Goldman Sachs joined CNBC for an interview to discuss the firm’s outlook on consumer cyclicals for 2025.
Base metal prices were mixed, with LME three-month copper up 0.5% at $9,116 a metric ton and LME three-month aluminum down 0.1% at $2,618.50 a ton.
The average rate on a 30-year mortgage in the U.S. eased for the second week in a row, but remains just below 7%, little relief for prospective home shoppers looking ahead to the spring homebuying
Wall Street shares looked set for more gains on Thursday, as investors cheered earnings from Meta, but shunned Microsoft, while the dollar was steady
The disappointing GDP figures from Germany, France, and Italy today provide a weak backdrop for the ECB, which is set to deliver a quarter-point cut. Click to read.
Annual inflation, harmonized to EU standards, stood at 2.9% in January, rising one decimal point from a month earlier, Spain's statistics agency said Thursday. Economists polled by The Wall Street Journal had expected the rate to come in at 2.5%.
The meeting went as expected, with no changes to interest rates. But the S&P 500 broad index of large cap stocks declined on the news, sank 0.7% immediately after the news before rebounding to down 0.
The Indian rupee is likely to stay on the defensive on Thursday, after the U.S. Federal Reserve expectedly kept interest rates unchanged and Chair Jerome Powell said there would be no rush to cut them again.