{"id":271900,"date":"2024-03-26T19:25:00","date_gmt":"2024-03-26T13:55:00","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=271900"},"modified":"2024-03-26T19:25:00","modified_gmt":"2024-03-26T13:55:00","slug":"unlikely-to-hold-below-16-50-levels-ing-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/unlikely-to-hold-below-16-50-levels-ing-crypto-news\/","title":{"rendered":"Unlikely to hold below 16.50 levels \u2013 ING &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>Economists at ING are fearful the Mexican Peso (MXN) is starting to become a little too strong.<\/p>\n<h2 class=\"fxs_headline_medium\">Peso to hold gains despite start of Banxico easing<\/h2>\n<blockquote>\n<p>Banxico has just started its easing cycle with a 25 bps rate cut to 11.00%. It has not provided much forward guidance \u2013 probably because it requires flexibility around Fed policy too. Banxico has not said much about the very strong, inflation-adjusted Peso. However, it is up 16% YoY and at the highest levels since 2008 and could start to become a problem.<\/p>\n<\/blockquote>\n<blockquote>\n<p>The above is our preference in that the rates market will probably take the strain (i.e. steady cuts from Banxico this year) and USD\/MXN continues in a 16.50\/17.00 range rather than dropping below 16.00 when the Fed cuts.<\/p>\n<\/blockquote>\n<blockquote>\n<p>Donald Trump remains the wild card \u2013 most recently threatening 100% tariffs on Chinese cars made in Mexico.<\/p>\n<\/blockquote><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Economists at ING are fearful the Mexican Peso (MXN) is starting to become a little too strong. Peso to hold gains despite start of Banxico easing Banxico has just started its easing cycle with a 25 bps rate cut to 11.00%. It has not provided much forward guidance \u2013 probably because it requires flexibility around [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":57307,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[299,201,248,251,246,257,255,684,250,2913,252,247,253,249,871,256,254],"class_list":["post-271900","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-banks","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-interestrate","tag-looks-rare","tag-mexico","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-usdmxn","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/271900","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=271900"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/271900\/revisions"}],"predecessor-version":[{"id":271901,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/271900\/revisions\/271901"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/57307"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=271900"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=271900"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=271900"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}