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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

Euro Crisis Flashbacks Hit Markets
European political nerves
Market Calm Returns
US inflation vs the Fed
Fed Signals One Cut in 2024, Down From Three
US Inflation Decelerates Sharply, Bolstering Rate Cut Odds

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