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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

US Fed restarts its cutting cycle
All eyes on the US Fed
US Fed in focus this week
Let the good times roll
Steady Inflation and Rising Jobless Claims Clear Path For More Fed Easing
AUD upswing continues

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