Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Thailand Inflation Remains Negative for 10th Straight Month in January 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
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.
