In August the credit and deposits of the banking system exhibited more clearly the consequences of the economic recession. However, the stress test carried out by the Stability of the Financial System Board, underlined that the banking sector has liquidity and solvency conditions to withstand adverse economic scenarios.
Key points
- Close to 20% of the banking system's loan portfolio benefited from the repayment holidays program
- Mortgage loans rates stand at their lowest of the last three years
- Ahead of the US presidential elections, global risk aversion resumed in financial markets as COVID cases spiked
- The CNBV made adjustments to regulatory facilities
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Latest Forex Analysis
Editors’ Picks
AUD/USD recaptures 0.7700 amid Risk-on mood, upbeat Aussie data
AUD/USD remains strongly bid above 0.7700 after Monday’s downbeat performance. The aussie benefits from upbeat Australian housing data and risk-on mood. Incoming Treasury Secretary Janet Yellen’s indirect support to Biden’s stimulus favors the risk-takers.
EUR/USD:Falling wedge on 4H tests bearish impulse below 1.2100
EUR/USD portrays choppy trading moves between 1.2075 and 1.2080 during Tuesday’s Asian session. Bullish chart pattern, recovering MACD keep buyers hopeful. Early February lows, 61.8% Fibonacci retracement add to the downside filters.
Gold: All eyes on the greenback and US yields
Gold prices are attempting to recover as the DXY stalls in its bullish correction. The dollar could still be a catalyst for a deeper positioning squeeze in the yellow metal. The US dollar strengthened for a third consecutive day on Monday.
BTC/USD: Its a make or break at 36170
BTC/USD is trending up again in the 30 minutes time frame; the price structure has changed since the weekend selloff with higher highs and higher lows. Prices fell below the crucial point at 36170 in yesterday's session but bounced back.
US Dollar Index: Drops back towards fortnight-old support below 91.00
DXY extends pullback from highest in one month. The Index remains on the back foot around 90.68, down 0.10% intraday, during early Tuesday. Monday’s Doji at multi-day top, overbought RSI favor further consolidation of gains.