The USD/ZAR saw some volatility in February due to influences from afar globally and within domestically, this as financial institutions reacted to swirling winds and fragile outlooks.
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USD/MXN trades sideways between 20 and 21, with traders monitoring U.S. tariff policies and global risk sentiment for potential breakout moves.
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EUR/USD remains range-bound near 1.04100, with traders watching the ECB’s expected rate cut and U.S. economic data for potential shifts in sentiment.
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The U.S. dollar rallies against the Mexican peso in January 2025, driven by Trump policies, rate hikes, and key technical levels like 20 MXN support.
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