Mexican Peso Rises as Banxico Holds Key Rate Steady
Mexican Peso Rises as Banxico Holds Key Rate Steady The Mexican Peso (MXN) experienced significant gains against its major trading counterparts following the Bank of Mexico’s (Banxico) latest policy meeting on Thursday. During the meeting, Banxico’s board unanimously decided to maintain the benchmark interest rate at 11.00%, leading to a robust appreciation of the Peso. […]