Month: February 2024

Share: In January, the Mexican Peso (MXN) weakened from 16.97 to 17.17 against the US Dollar (USD). Economists at MUFG Bank analyze Peso’s outlook. MXN weakening path ahead Ms. Claudia Sheinbaum from the Morena party is favourite to win the presidential election scheduled on 2nd June, benefitting from the high approval rating of incumbent president
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Share: The Cocoa price continued its rally from last year in the first weeks of 2024. Economists at Commerzbank expect Cocoa prices in New York to approach all-time high of $5,379. Cocoa market likely to face a supply deficit in the current 2023/24 crop year There are currently concerns that dry weather fanned by Harmattan winds
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The changes among major currencies are relatively light as we look towards European trading today. The aussie is a slight mover, building on the stark rebound yesterday in US trading. Of note, AUD/USD bounced off its December low and 100-day moving average at 0.6525-30 but is now trading back to its previous consolidation zone near
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