Market news

Show news:


03.02.2021 00:08

USD/MXN: Concerns on AMLO government policies to limit peso appreciation - MUFG

FXStreet reports that the Mexican peso depreciated against the US dollar from 19.907 to 20.262 in January. In the view of economists at MUFG Bank, uncertainty over the health outlook and some controversial government policies will continue to weigh on economic recovery, limiting the pace of MXN appreciation expected ahead. 

“The pandemic has worsened sharply in Mexico in January, with a high record number of daily deaths... Federal government hesitates to impose stricter measures and potential challenges with vaccine rollout mean the health outlook remains very challenging.” 

“The first measures announced by Mr. Biden are favourable to relation with Mexico. Despite this more collaborative relation between the two countries, some tensions might arise especially on security and energy policies. On the latter, AMLO administration to prioritize state-owned companies will keep being criticized by US authorities.” 

“As for the MXN path ahead, we keep our view of some appreciation driven by the external environment, but not a sharper appreciation, once it is limited by the health outlook and concerns on AMLO government policies.”


Keep up with latest Forex market news updates: Currencies, central banks, economic indicators for oil and gold trading – all you need to work effectively on Forex.

April 2021
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002
Mon
Tue
Wed
Thu
Fri
Sat
Sun
19
20
21
22
23
24
25
26
27
28
29
30

Forex is open 24 hours a day, 5 days a week (except national holidays), and it can be broken up to the following four regional markets: Australia and Oceania, Asia, Europe, and America. A Forex trading session opens at 23:00 GMT on Sunday in Japan and closes at 22:00 GMT on Friday in the USA.

 
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Pacific Wellington 19:00 04:00 22:00 07:00 22:00 07:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Sydney 21:00 06:00 00:00 09:00 00:00 09:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Asian Tokyo 23:00 08:00 02:00 11:00 02:00 11:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Hong Kong, Singapore 00:00 09:00 03:00 12:00 03:00 12:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
European Frankfurt, Zurich, Paris 06:00 15:00 09:00 18:00 9:00 18:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenCloseе
London 07:00 16:00 10:00 19:00 10:00 19:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
American New York 12:00 21:00 15:00 00:00 15:00 00:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Chicago 13:00 22:00 16:00 01:00 16:00 01:00