Mexican Peso

The USDTRY appears to have found some relative stability over the summer. The upcoming interest rate policy decision by the CBRT won't shake things up too much. Although given their long-standing reputation for unconventional policies,…
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Banxico, the Mexican central bank, at its monetary policy meeting yesterday hiked the benchmark interest rates 50 basis points to 6.25% in a widely expected move. The decision to hike interest rates comes amid a modest recovery in the…
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Just a week after the peso posted one of the biggest declines against the U.S. dollar, the Mexican central bank came out strongly by hiking interest rates, but it did little to help the peso as the currency continued to post declines. On…
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