Mexican Peso Gains on US Dollar Ahead of Central Bank’s Meeting

The Mexican peso gained on the US dollar today ahead of tomorrow’s monetary policy meeting of Mexico’s central bank.
The Bank of Mexico will announce its monetary policy decision tomorrow. Analysts expect it to keep the benchmark interest rate unchanged at 8.25%. That means focus will be on whether the bank’s statement remains as hawkish as before.
USD/MXN dropped from 19.2267 to 19.1232 as of 21:44 GMT today.

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