Mexican Peso Rises To 2-day High Against U.S. Dollar
19 Maggio 2017 - 10:35AM
RTTF2
The Mexican Peso climbed against the U.S. dollar in the European
session on Friday, after the Bank of Mexico unexpectedly raised its
benchmark rate by a quarter point amid rising inflationary
pressures.
The Bank of Mexico lifted its benchmark by 25 basis points to
6.75 percent, while economists had forecast the rate to remain
unchanged at 6.50 percent.
The Mexican Peso climbed to a 2-day high of 18.68 against the
greenback, compared to Thursday's closing value of 18.84. The
Mexican Peso is likely to target resistance around the 17.00
zone.
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