The central bank of Mexico raised interest rates on Thursday, but the market demonstrated limited reaction to the news. The Mexican peso fell during Friday’s Asian trading session, continued to be driven by concerns about the US presidential elections.
The Mexican peso trades below the opening level as of now even though the nation’s central bank made a bigger interest rate hike than experts had predicted.
The Mexican peso dropped against the US dollar today as the market sentiment was detrimental to risky assets of emerging markets.
The Mexican peso declined today, reaching the all-time low versus the US dollar, as risk aversion continued to dominate markets and crude oil extended its decline, hurting currencies associated with risk.
The Mexican peso was volatile today after yesterday’s interest rate hike from the nation’s central bank that has boosted the currency for a little while.
The Mexican peso ended the Friday’s trading session with losses as Brazil’s budget deficit widened to a record, increasing chances for a credit rating downgrade. The currency dropped even as the central bank refrained from an interest rate cut.
The Mexican peso rose today on speculations that the nation’s central bank will not cut interest rates further as the economy is expected to growth with an increasing pace in the future.
The Mexican peso advanced after the nation’s central bank left its monetary policy unchanged today following the surprise cut last month. The outlook for Brazil’s economy improved, though it is still not overly optimistic.
The Mexican pesos fell against the euro today after the nation’s central bank downgraded its forecast for economic growth this year. The currency managed to gain on the US dollar despite the negative news.
The Mexican peso gained today after the central bank left interest rates unchanged after two consecutive cuts. The decision was driven by signs of economic recovery in Mexico.
