USD/MXN: the rate decision is ahead
The Bank of Mexico is expected to cut its interest rate from 7.75% to 7.5% today at 21:00 MT time
The new stimulus for the euro? Mario Draghi sent EUR/USD lower on the dovish hints.
During today’s speech, the ECB President Mario Draghi made remarks on using a rate cut as a primary tool for an economic stimulus.
On the H4, EUR/USD fell to the support at 1.1179 during the European trading hours. At the moment, the pair is correcting to the upside. The first resistance is placed at 1.1211. If the positive momentum is short-lived, the pair will break the 1.1179 level and try to test the support at 1.1165.
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Latest news
USD/MXN: the rate decision is ahead
The Bank of Mexico is expected to cut its interest rate from 7.75% to 7.5% today at 21:00 MT time
Oil market updates on November 14
Today, the oil prices may move on the release of crude oil inventories at 18:00 MT time.
Market updates on November 14
The NZD is on a steady rise after the Wednesday strong bullish move, the USD is dropping and the EUR is testing the support level.
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