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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

Relief Washes Over Markets As US Dials Down Rhetoric
Selling Moderates as Assault on Fed Independence Slows
Markets Plunge as Trump Administration Steps Up Threats Against Fed
US pain points
In the eye of the storm?
Tariff Confusion Leaves Markets Rudderless

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