ニュージーランドGDP成長率前期比

ニュージーランドGDP成長率前年比

日本機械受注前月比

日本機械受注額前年比

The Mexican peso strengthened toward 18.25 per US dollar, its strongest level since July 2024, driven by a weakening US dollar, now at its lowest since early 2022, after the Fed’s September 2025 decision to cut the federal funds rate by 25 basis points and signal two further reductions before year-end. The Fed’s projections showed slightly higher GDP growth, lower unemployment, and modestly higher inflation next year, reducing the need for aggressive tightening.  At the same time, Banco de México has maintained a tight policy stance and signaled careful calibration as inflation moderates. Higher real interest differentials, sustained carry demand in forward markets, and close trade links with the United States have further supported demand for local assets and limited capital outflows.

Mexican Peso Strengthens on Softer USD

Silver held earlier losses, trading just below $42 per ounce on Wednesday, followin Federal Reserve’s policy decision. The Federal Reserve cut interest rates by 25 basis points, lowering its benchmark to 4.00%–4.25% in its first move of 2025 and signaling two more reductions this year as the labor market weakens. The decision, passed in a split vote, saw new Governor Stephen Miran dissent in favor of a larger half-point cut. Fed officials’ projections now point to two additional cuts by year-end, up from earlier forecasts. Elsewhere, central banks in Canada and China are expected to ease policy this week, while those in Japan and the UK are likely to stand pat. Still, strong industrial demand from solar, electric vehicles and electronics, combined with supply constraints, continues to lend support to silver prices.

Silver Holds Losses as Fed Cuts Rates

The yield on the 10-year US Treasury note fell to the 4.0% threshold on Wednesday, the lowest in five months, after the Federal Reserve cut its rates by 25bps, as expected, and projected two additional rate cuts this year. The central bank noted that the labor market is showing increasing signs of weakness, warranting looser financial conditions, but refrained from projecting a higher unemployment rate for the year than what was penciled in June. Additionally, median projections from FOMC members pointed to more optimistic views on real growth and unemployment, despite upticks in projections of core inflation. Consequently, declines in yields were sharper in the shorter end of the curve, with the spread between the 10-year and the 2-year notes steepening further. In the funding markets front, the Fed maintained the pace of its quantitative tightening despite the aggressive drawdown in its overnight reverse repo facility since the last meeting.

US 10-Year Yield Falls to 5-Month Low

The dollar index weakened to 96.4 on Wednesday, the lowest level since February 2022, as traders react to the latest FOMC decision. The Fed lowered the fed funds rate by 25bps as expected, the first reduction in borrowing costs this year, while signalling additional 50bps of cuts before the year's end, slightly more than projected in June. Policymakers also noticed that job gains have slowed, and the unemployment rate has edged up but remains low. This is being read as more dovish. Meanwhile, only newly appointed Governor Stephen Miran voted in favor of a larger 50 bps cut, marking fewer dissents than markets had anticipated.

話題の銘柄と投資戦略を提供します

タイムリーなニュースや経済イベント＆アイデアで、賢く投資を。

最新ニュース