Middle East Crisis

USD/MXN is trading near lower territory last seen in June 2024 after a sharp late-week selling move against the dollar. Thin Labor Day conditions may distort price action before institutions return and focus turns to CPI data and the Fed’s FOMC decision.

EUR/USD has retreated to 1.1415 as the US dollar firms modestly amid rising Middle East tensions and renewed inflation concerns. Technical traders are watching a bearish flag structure, with 1.1326 and 1.1500 framing the near-term range.