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USD/MXN: Bank of Mexico interest rate decision preview
- The USD/MXN pair tilted upwards as emerging market currencies retreated.
- The focus is on the upcoming Bank of Mexico interest rate decision.
- Analysts expect the bank to leave interest rates unchanged.
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Can USD/MXN Hit Multi-Year Lows This Year?
Following the U.S. Senate’s approval of the United States-Mexico-Canada Agreement (USMCA) trade deal, Mexico export companies expect a record year. As a result, USD/MXN printed a fresh 1-year low $18.65.Fundamental analysis: USMCA to boost economyAuto part manufacturers are expecting regional input to increase substantially although the new rules targeting car…
January 18, 2020