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Mexican Peso Gains on US Dollar Ahead of Central Bank’s Meeting

June 26, 2019 at 21:44 by Vladimir Vyun

Many Mexican peso banknotesThe Mexican peso gained on the US dollar today ahead of tomorrow’s monetary policy meeting of Mexico’s central bank.

The Bank of Mexico will announce its monetary policy decision tomorrow. Analysts expect it to keep the benchmark interest rate unchanged at 8.25%. That means focus will be on whether the bank’s statement remains as hawkish as before.

USD/MXN dropped from 19.2267 to 19.1232 as of 21:44 GMT today.

If you have any questions, comments, or opinions regarding the Mexican Peso, feel free to post them using the commentary form below.

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