USDMXN registers minimal gains even though a risk-on impulse would usually underpin the emerging market currency. Monday’s light economic calendar wou
ld leave traders adrift to sentiment weighed by China’s woes and US Dollar dynamics. The USD/MXN exchanges hands at 17.0620, gaining 0.01%.
Wall Street trades positively, portraying investors’ mood improved ahead of the Jackson Hole Symposium, organized by the Kansas City Fed in Wyoming. US Treasury bond yields advance, slightly underpinning the greenback, which remains flat at 103.472, as shown by itson its 1-year Loan Prime Rate from 3.55% to 3.45%, disappointing analysts. As reported by Bloomberg, it’s said that PboC’s officials and government regulators told lenders to boost loans to support recovery.
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