SYFX

Mexican Peso Gains on Banxico’s Rate Hike Surprise and Hawkish Shift, USD/MXN Sinks

Published On: June 24, 2021

Summary

By sueyangfx.com June 24, 2021 at 07:54PM 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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By sueyangfx.com

June 24, 2021 at 07:54PM

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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