MXN

Good morning. The dollar is outperforming all of its major counterparts as the aftermath of yesterday’s more hawkish-than-expected Federal Reserve minutes puts upward pressure on yields and weakens demand for speculative asset classes. Ten-year Treasury yields are inching higher, equity futures are setting up for modest losses ahead of the North American open, and the euro, pound, and Mexican peso are all coming under mild selling pressure even as rate curves shift upward in sympathy. Federal Reserve officials showed little inclination to ease policy at last month’s meeting, with the bulk of the rate-setting committee hoping to see further progress...

Good morning. Foreign exchange markets are caught between conflicting forces as precious metals extend their decline and a sell-off in technology stocks shows signs of exhaustion. Gold and silver prices are tumbling once again, North American equity futures are setting up for modest gains at the open, and the dollar is advancing against most of its major peers amid choppy trading conditions. The pound is down sharply after the Bank of England narrowly avoided cutting rates in its latest decision, shocking observers expecting a far more neutral outcome. Four of nine Monetary Policy Committee members voted to cut rates—well beyond...