Mexican Peso

Officials at the Banco de Mexico, the Mexican central bank hiked interest rates on Thursday by 25 basis points as widely expected by economists. This pushed the interest rates to 7% in Mexico. Policy makers said that the borrowing costs are now high enough to contain any further rise in inflation. This was seen by the markets as a signal that t...

2017-07-26 John Benjamin Read more
Banxico_2903

Agustín Carstens, Governor of Bank of Mexico. Image via Banco de Mexico Market Expecting Further 25bps Rise On Thursday, traders will turn their attention to the Mexican central bank interest rate decision where the bank are widely expected to follow the Fed and hike rates by another 25bps. Banxico has been decisive in their monetary policy ...

2017-03-29 James Harte Read more
mexican peso_2601

Historic Devaluation The Mexican Peso has been under significant pressure over the last year, and the current level of devaluation in the currency is historic in both nominal and real terms.  In the first 8 trading days of 2017, the Peso lost just under 14% of its value against the US Dollar. The sell -off, which was both abrupt and significan...

2017-01-26 James Harte Read more
Mexican Peso

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 Thursday, November 17, the Banco de Mexico raised the key rate by 50 basis points, bringing the benchmark in...

2016-11-23 John Benjamin Read more
ZAR_Exotic currencies

Exotic currencies are defined as those currencies that are not widely used in international trade and in the context of the currency markets, the exotic group of currencies are those that fall outside of the classification of majors and minors. Some of the most commonly available exotic currencies are: MXN - Mexican Peso NOK - Norwegia...

2016-07-05 John Benjamin Read more