Market news
USD/MXN: Target range raised to 20.40-21.15 – Credit Suisse
Economists at Credit Suisse raise their USD/MXN target range from 20.00-20.60 to 20.40-21.15 as they see headwinds for MXN increasing into year-end.
Curb your expectations
“We now see the August highs around 20.40 as the low end of the range, and see upside potential for now limited to the 76.4% retracement of the 2021 high-to-low retracement at 21.15.”
“Expectations of a less supportive BOP in Q4 and fears of a dovish Banxico shift in Q1 can also limit the scope for USD/MXN downside.”
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| Session | Financial Centres | UTC/GMT OpenClose |
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| Pacific | Wellington | 19:00 | 04:00 | 22:00 | 07:00 | 22:00 | 07:00 |
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| Pacific | Sydney | 21:00 | 06:00 | 00:00 | 09:00 | 00:00 | 09:00 |
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| Asian | Tokyo | 23:00 | 08:00 | 02:00 | 11:00 | 02:00 | 11:00 |
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| Asian | Hong Kong, Singapore | 00:00 | 09:00 | 03:00 | 12:00 | 03:00 | 12:00 |
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| European | 06:00 | 15:00 | 09:00 | 18:00 | 9:00 | 18:00 | |
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| European | London | 07:00 | 16:00 | 10:00 | 19:00 | 10:00 | 19:00 |
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| American | New York | 12:00 | 21:00 | 15:00 | 00:00 | 15:00 | 00:00 |
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| American | Chicago | 13:00 | 22:00 | 16:00 | 01:00 | 16:00 | 01:00 |
