Americas FX Morning Bullets

This report covers the daily outlook for Americas foreign exchange, highlighting the consolidation of the DXY index and the central bank decision by Banxico to hold rates at 6.5%.

Key Takeaways

• 1.The DXY index is experiencing consolidation following a period of strength, influenced by balanced Fed hike expectations and lower-than-consensus PCE data.
• 2.Banxico maintained the policy rate at 6.5% unanimously, with expectations to keep rates on hold despite persistent 2H 2026 inflation pressures.
• 3.EUR-USD is trading above 1.14, but long-term growth concerns and softening hawkish bias from the ECB are expected to limit future rallies.

Table of Contents

• Currencies
• Disclosure appendix

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