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Mexican Peso Surges on Surprise Rate Hike

Surprise 50 basis point rate hike from Banxico this afternoon – widened the yield differential against the dollar, and kicked the peso higher.

More here:

Bloomberg: Mexico Stuns Markets With Half-Point Rate Hike on New Inflation Gain

Earnings and Trade Optimism Spreads, Boosting Risk Assets
Risk Appetite Improves On US-Japan Trade Deal
Intra-Day Volatility Falls As Newsflow Grinds To A Halt
Positive vibes
Yen Climbs, Dollar Retreats As Data-Light Week Kicks Off
Hanging on

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