- Analytics
- News and Tools
- Market News
- USD/MXN Price News: Options market signals prod Mexican Peso buyers at seven-year top
USD/MXN Price News: Options market signals prod Mexican Peso buyers at seven-year top
USD/MXN portrays a corrective bounce from the lowest levels since May 2016 as it prints mild gains around 17.25 amid early hours of Wednesday’s trading.
In doing so, the Mexican Peso (MXN) pair justifies the options market signals to lick its wounds.
That said, one-month Risk Reversal (RR) of the USD/MXN pair, a measure of the spread between call and put prices, snaps a three-week losing streak with 0.009 figure in its latest weekly readings per the options market data from Reuters.
The Mexican Peso pair’s consolidation might have also taken clues from the pre-Fed anxiety, even as the US inflation signals pause to the Fed’s 10 rate hikes.
It’s worth noting, however, that the RR remains downbeat on the daily basis while reversing Monday’s corrective bounce, to -0.080 at the latest.
Hence, the USD/MXN may witness further recovery amid the pre-Fed positioning, as well as due to the options market signals. However, the Mexican Peso buyers remain hopeful amid dovish expectations from the US central bank.
Also read: Forex Today: After US CPI, attention turns to the FOMC
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
