7 years ago
Mexico peso surges to strongest level since Trump election
The Mexican peso rallied on Friday to its strongest level since the day following the U.S. presidential election after U.S. Secretary of Commerce Wilbur Ross said that a new mechanism should be created to stabilize the exchange rate. The peso MXN=MXN=D2 strengthened more than 2.3 percent to 19.5200 per dollar, its best showing since Nov. 9 after Donald Trump's surprise election win. Mexico's central bank, which has hiked interest rates by 325 basis points since last year...
Continue Reading
http://www.reuters.com
Join the Discussion