Federal Reserve (Fed) Bank of San Francisco President Mary C.

Mexico Banxico Interest Rate Decision meets forecasts (7.5%)

The US Dollar (USD) picked up strong pace on Thursday, advancing to three-week highs as investors assessed firmer US data releases while Fed officials gave mixed remarks regarding the Fed’s rate path.

Federal Reserve (Fed) Bank of Dallas President Lorie Logan stated on Thursday that the Fed needs to modernize how it approaches setting interest rates, acknowledging that the central bank may need to allow for more volatility in the underlying repo rate and noted that the Fed has overhauled its rate

United States 7-Year Note Auction increased to 3.953% from previous 3.925%

Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee acknowledged that interest rates are currently in restrictive territory, implying there may be room to move lower soon.

United States 4-Week Bill Auction rose from previous 4.04% to 4.08%

The US Dollar Index (DXY) is trading strongly on Thursday, awaiting data on the Personal Consumption Expenditures (PCE) Price Index, due on Friday at 12:30 GMT.

United States Kansas Fed Manufacturing Activity up to 4 in September from previous 0

The Canadian Dollar (CAD) remains under slight pressure on Thursday against the US Dollar (USD) as markets anticipate the release of July's monthly Canadian Gross Domestic Product (GDP) on Friday at 12:30 GMT.

United States EIA Natural Gas Storage Change below forecasts (76B) in September 19: Actual (75B)

United States Existing Home Sales (MoM) came in at 4M, above expectations (3.96M) in August

United States Existing Home Sales Change (MoM) declined to -0.2% in August from previous 2%

TradingKey - On Thursday (local time), U.S. initial jobless claims for the week ending September 20 came in at 218,000, below both the forecast of 235,000 and the previous week’s revised figure of 231

The United States' (US) Gross Domestic Product (GDP) expanded at an annual rate of 3.8% in the second quarter, the US Bureau of Economic Analysis' (BEA) final estimate showed on Thursday. This reading came in above the previous estimate and the market expectation of 3.3%.

Federal Reserve (Fed) Bank of Kansas City President Jeffrey Schmid said on Thursday that the Fed is currently close to meeting its mandates but added that policy must be forward-looking, per Reuters.

Russia Central Bank Reserves $: $712.6B vs $705.1B

Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee repeated on Thursday that he fells "somewhat uneasy" with frontloading too many rate cuts based on jobs numbers slowing, per Reuters.

According to a report from the US Department of Labour (DOL) released on Thursday, the number of US citizens submitting new applications for unemployment insurance went down to 218K for the week ending September 20.

United States Wholesale Inventories below forecasts (0.1%) in August: Actual (-0.2%)

United States Continuing Jobless Claims came in at 1.926M below forecasts (1.93M) in September 12

United States Gross Domestic Product Price Index came in at 2.1%, above forecasts (2%) in 2Q

United States Goods Trade Balance came in at $-85.5B, above forecasts ($-95.2B) in August

United States Durable Goods Orders ex Defense: 1.9% (August) vs -2.5%

United States Durable Goods Orders ex Transportation above forecasts (0%) in August: Actual (0.4%)

United States Gross Domestic Product Annualized came in at 3.8%, above expectations (3.3%) in 2Q

United States Core Personal Consumption Expenditures (QoQ) came in at 2.6%, above forecasts (2.5%) in 2Q

United States Personal Consumption Expenditures Prices (QoQ) came in at 2.1%, above forecasts (2%) in 2Q

United States Initial Jobless Claims 4-week average: 237.5K (September 19) vs previous 240K

Mexico’s central bank is widely expected to lower the policy rate by 25bps to 7.50% as inflation remains below the Q3 projection, while the country’s solid fundamentals, including positive real rates and balanced current accounts, continue to support the MXN, BBH FX analysts report.