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
Will the FOMC meeting push the USD?
The Federal open market committee will release the monetary policy statement and announce the official rate on May 1, at 21:00 MT time.
We don’t expect any changes to the current interest rate this time. However, the Federal Reserve may provide some hints on the further path of its monetary policy. The recent comments by the FOMC members showed that the bank would stick to its patient tone for the foreseeable future. If Mr. Powell surprises the market with more optimistic comments, the USD will rise.
• If the FOMC is hawkish, the US dollar will go up;
• If the FOMC is dovish, the US dollar will go down.
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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
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Today, the oil prices may move on the release of crude oil inventories at 18:00 MT time.
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