Oil Prices Ease as Iran Tensions Clash With Diplomacy Hopes 
Russian Envoy Dmitriev Heads to US for Ukraine Talks 
Japan Private-Sector Growth Slows as Domestic Demand Weakens 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
Gold Prices Rise as Oil Slide Eases Fed Rate Hike Fears 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Gold Drops Over 1% as Dollar, Treasury Yields Surge on Fed Rate Hike Bets 
South Korea, US Discuss Warship Building Cooperation 
Add as a preferred source on Google
The USD/MXN currency pair is expected to climb back above the 19.00 mark, with little scope for a sustainable recovery of the peso against the USD, according to the latest research report from Commerzbank.
As a result of a preliminary agreement in the trade conflict between the US and China the Mexican peso as well as other EM currencies were able to benefit from the fact that the US House of Representatives is making good progress with the ratification of the trade agreement between the US, Mexico and Canada (USMCA).
"However, we remain sceptical as the economic recovery remains disappointing," the report further commented.
At today’s meeting the central bank is likely to cut its key rate by 25bp to 7.25 percent once again. Meanwhile, this easing of monetary policy is likely to continue next year, Commerzbank further noted in the report.
