USD/MXN (USDMXN) Moved Sharply on Nov 2: Are Central Bank Expectations Shifting?
Published . Updated .
USDMXN declined due to Banxico's hawkish stance and strong Mexican economic growth.U.S. dollar gains paused from profit-taking and technical resistance ahead of data.Wide interest-rate differentials and carry-trade demand continue supporting the Mexican peso.
Directly affected
- No company is named in this report.
Indirectly affected
- EWW iShares MSCI Mexico ETF-2.1% 11d
iShares MSCI Mexico ETF holds stocks listed in Mexico, which this story is about (“mexican”).
- CEW WisdomTree Emerging Currency Strategy Fund
WisdomTree Emerging Currency Strategy Fund holds emerging-market currencies, which move on news like this from Mexico.
- EMB iShares J.P. Morgan USD Emerging Markets Bond ETF-2.1% 11d
iShares J.P. Morgan USD Emerging Markets Bond ETF holds emerging-market government bonds, which react to inflation and interest-rate news like this one in Mexico
- EMLC VanEck J.P. Morgan EM Local Currency Bond ETF-2.9% 30d
VanEck J.P. Morgan EM Local Currency Bond ETF holds emerging-market bonds in local currencies, which move with rate and currency news like this from Mexico.
- EEM iShares MSCI Emerging Markets ETF-0.3% 30d
iShares MSCI Emerging Markets ETF is a broad fund of emerging-market stocks that includes Mexico
- AMX América Móvil, S.A.B. de C.V-0.9% 30d
América Móvil, S.A.B. de C.V (telephone communications (no radiotelephone)) is one of the largest Mexico-based companies traded in the US, so news about Mexico (“mexican”) reaches its shares.
- FMX Fomento Económico Mexicano, S.A.B. de C.V+4.0% 30d
Fomento Económico Mexicano, S.A.B. de C.V (bottled and canned soft drinks and carbonated waters) is one of the largest Mexico-based companies traded in the US, so news about Mexico (“mexican”) reaches its shares.
- CX CEMEX, S.A.B. de C.V-8.9% 12d
CEMEX, S.A.B. de C.V (cement, hydraulic) is one of the largest Mexico-based companies traded in the US, so news about Mexico (“mexican”) reaches its shares.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| EWWNo price data for this ticker | — | — | — | — | — | — | — |
| CEWNo price data for this ticker | — | — | — | — | — | — | — |
| EMBNo price data for this ticker | — | — | — | — | — | — | — |
| EMLCNo price data for this ticker | — | — | — | — | — | — | — |
| EEMNo price data for this ticker | — | — | — | — | — | — | — |
| AMXNo price data for this ticker | — | — | — | — | — | — | — |
| FMXNo price data for this ticker | — | — | — | — | — | — | — |
| CXNo price data for this ticker | — | — | — | — | — | — | — |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
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USD/MXN (USDMXN) Moved Sharply on Nov 2: Are Central Bank Expectations Shifting? TradingKey
Source: TradingKey
This story
12 out of 100
“USD/MXN (USDMXN) Moved Sharply on Nov 2: Are Central Bank Expectations Shifting?” scores 12 out of 100. The score uses 1 sources.