Mexican Peso Gains on Banxico’s Rate Hike Surprise and Hawkish Shift, USD/MXN Sinks
Banxico surprises investors and raises its overnight interest rate by 25 basis points to 4.25%, causing the Mexican peso to rise sharply against the dollar.
Banxico surprises investors and raises its overnight interest rate by 25 basis points to 4.25%, causing the Mexican peso to rise sharply against the dollar.
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