Peso jumps after weak U.S. jobs data, USMCA auto rules in spotlight

The Mexican peso climbed on Thursday as the dollar slipped after a soft U.S. jobs report. But traders are looking at a split setup—short-term U.S. rate risk is down, but USMCA auto risk could ramp up later in the year.

Oil Drops Below $100 as Trump-Iran Deal Hopes Put Strait of Hormuz Back in Play

Oil Drops Below $100 as Trump-Iran Deal Hopes Put Strait of Hormuz Back in Play

Oil slid under $100 a barrel Thursday, with traders wagering a partial U.S.-Iran agreement might loosen up the Strait of Hormuz and take some pressure off supply risks tied to the Middle East conflict. Brent crude shed $1.95, down 1.93%, landing at $99.32 as of 0912 GMT. U.S. West Texas Intermediate lost $1.93, settling at $93.15. Both benchmarks had plunged over 7% on Wednesday.