MXN

Good morning. Long-term yields are slipping, oil prices are edging lower and the dollar is retreating after US president ​Donald Trump said the US would not attack Iran before next month’s midterm elections, easing market fears of another major disruption in global energy supplies. Ten-year Treasury yields are down to 5.24% after reaching 5.35% earlier in the week, front-month Brent futures are trading for $102 a barrel while the West Texas benchmark goes for $90, and the trade-weighted dollar is down roughly 0.25% from yesterday’s high. The move could be short-lived. Oil markets will stay on edge as long as...

Good morning. The dollar is edging toward an 18-month high as the Federal Reserve maintains its tightening bias, while higher energy prices and rising yields weigh on other major currencies. The euro, British pound, Canadian dollar, and Mexican peso are all trading near the bottom of their recent ranges, reflecting a fairly consistent move in rate differentials relative to the dollar. Yesterday’s minutes from the Fed’s September meeting confirmed what markets already believed. Participants unanimously agreed that disinflation was making too little progress and that borrowing costs should climb as geopolitics and the artificial-intelligence buildout add to upside price risks....