Banco de Mexico (Banxico) revealed its last meeting minutes, in which the Mexican Central Bank cut rates by 50 basis points (bps) in a split vote of 4 to 1, with Deputy Governor Jonathan Heath wanting to keep rates unchanged as inflation edged up.
Before the global financial crisis, AUD and NZD were considered the favored carry currencies, especially funded out of low-yielding names in APAC.
EUR/USD appreciates after registering mild losses in the previous session, trading around 1.1730 during the Asian hours on Thursday. The pair appreciates as the US Dollar (USD) loses ground following the latest Federal Open Market Committee (FOMC) Meeting Minutes and developments on US tariffs.