USD/MXN

Hedge funds turned bullish on the yen just before dovish comments by Japan’s new prime minister and a robust US jobs report helped spark the worst week for Japan’s currency since late 2009. Speculative investors flipped to a net long position on the yen for the first time since mid-August, Commodity Futures Trading Commission data for the week to Oct. 1 ...

Forecasting the economy is tricky, especially in the era of social media, 24-hour news and, of course, a pandemic that broke everyone’s yardsticks for measuring and predicting progress. But as we wind down 2024, one thing appears clear: The naysayers on Team Hard Landing got it wrong. And thank goodness they did! The US economy right now is defying all the ...