Mexican Peso Outlook: USD/MXN Drops on Unexpected Banxico Rate Hold

12 November 2020 Last updated : 12 November 2020 BonTrade

The Bank of Mexico held rates unchanged at 4.25% today against expectations for a 25 basis point rate cut from economists. USD/MXN price action pivoted lower on the hawkish move

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Mexican Peso Outlook: USD/MXN Drops on Unexpected Banxico Rate Hold

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