Mexican Peso Advances as Rates Won’t Be Cut
The Mexican peso had a positive performance today versus the greenback as interest rates are unlikely to have further cuts, attracting investors to inject capital in the North American country.
The peso benefited today from a rally in crude oil rates, that crossed the $80 line per barrel in New York, raising appeal for the Mexican currency since the country is one of the main fossil energy suppliers for the United States.
USD/MXN traded at 12.98 as of 17.37 GMT from an opening rate of 13.03 today
If you want to comment on the Mexican peso’s recent action or have any questions regarding this currency, please, feel free to reply below.
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