Wednesday , 18 December 2024
Home Forex Mexican Peso extends rally after Banxico official’s comments
Forex

Mexican Peso extends rally after Banxico official’s comments

The Mexican Peso (MXN) edges higher, continuing the steep rally witnessed in most MXN pairs on Friday, after the Deputy Governor of the Bank of Mexico (Banxico), Irene Espinosa, said she thought the Banxico should keep interest rates at their current high level (11.0%) as the battle with inflation was not yet over.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

AUD/USD to its lowest in more than a year

There are multiple factors weighing on the hapless AUD. The only fresh...

UK pay growth steady at 4% but expected to slow in 2025

Pay increases offered by British employers remained steady at 4% in the...

PBOC is expected to set the USD/CNY reference rate at 7.2838 – Reuters estimate

People's Bank of China USD/CNY reference rate is due around 0115 GMT.The...

WTI holds below $70.00 as weak Chinese data sparks demand concerns

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around...