Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
Cancel Confirm
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Confirm
Octa trading broker Sign up Log in
Octa trading broker
Open trading account
Trading news
Back
27 Jan 2020

USD/MXN hits two-week highs near 19.00 and retreats toward 18.90

  • Mexican peso reverses from monthly highs and hits lowest versus US dollar since January 8. 
  • USD/MXN finds resistance below 19.00 and loses momentum. 

The USD/MXN pair is rising on Monday for the third day in a row boosted by risk aversion. The greenback continues to rally against emerging market currencies as global markets tumble. 

Last week USD/MXN closed at 18.78, and today it jumped to 18.97 before pulling back to 18.88 where it is trading, about to post the highest daily close since January 2. The move higher took place as global stocks tumbled on the back of concerns about the impact of the spread of the virus and its effects on the economy. 

The greenback is up against most emerging market currencies and also versus majors. The US Dollar Index (DXY) is testing the 98.00 area, at the strongest level since late November. 

The demand for safe-haven assets remain firm and will likely continue that way as long as fear dominates global markets. On Tuesday, the Federal Reserve will start its two-day monetary policy meeting. No change is expected. In Mexico, the critical report will be on Thursday with the first estimate of Q4 GDP. 

Technical levels 

 

Jan 27, 2020

AUD/USD Price Analysis: Aussie tumbles to two-month lows, trading sub-0.6800 figure

AUD/USD dropped down sharply as it was anticipated and reached the 0.6790 and 0.6767 targets.
Read more Previous
Jan 27, 2020

USD/INR: Indian rupee underperformance not quite over – CIBC

Analysts at CIBC, see the USD/INR pair trading at 70.2 during the second quarter and at 68.9 on the fourth quarter. According to them, the Indian rupe
Read more Next