Mexico central bank flags further peso risk from Brexit, U.S. election

Most Mexican central bank policymakers fear the country’s battered peso currency could suffer further from market volatility stemming from Britain’s vote to leave the European Union and the U.S. presidential race. All policymakers said they raised interest rates in a bid to protect the purchasing power of the peso, which had slumped more than 7 percent against the dollar in May, its worst monthly loss in four years.

Comments are closed.