MXN

Happy Thursday. The dollar is extending its advance for a third session after yesterday’s data underscored the US economy’s resilience, denting bearish conviction. Most major currency pairs remain rangebound, with the pound, euro and yen all holding broadly neutral technical positions against the greenback. Treasury yields are slightly higher, while equity markets are set to open a bit lower as investors weigh the Trump administration’s latest threats to intervene in the housing and defence sectors. The latest Job Openings and Labor Turnover report delivered more evidence of a cooling in demand for workers, but layoffs remained low and the quits...

A global rout in risky assets looks set to extend into a third day as investors turn more sceptical on artificial intelligence spending and pull back on expectations for a rate cut at the Federal Reserve’s December meeting. North American equity futures—particularly on technology-focused indices—are pointing to renewed selling pressure at this morning’s open, Treasury yields are modestly higher across the curve, and the dollar is trading higher against most of its counterparts as investors seek liquidity. The Canadian dollar and euro are outperforming on the crosses while the Mexican peso and Australian dollar drop relative to the safe-haven Japanese...