Emerging Markets

USD/MXN: Mexico’s Peso On Track to Gain 2.3% in July, Near Strongest Since 2015

by
USD/MXN: Mexico’s Peso On Track to Gain 2.3% in July, Near Strongest Since 2015

Mexico’s peso posted its seventh-straight month of gains, the longest such streak in 15 years, with the currency’s carry trade appeal unshaken by warnings the rally has left it overpriced. The currency, which is hovering near its strongest level since 2015, gained 2.3% this month. Its more than 16% rise this year makes it the … Read more

World Economy Latest: Fed, ECB Press on With Interest-Rate Hikes

by
World Economy Latest: Fed, ECB Press on With Interest-Rate Hikes

The Federal Reserve, European Central Bank and Bank of Japan headlined a pivotal week for central banks, with US and European policymakers opting for additional interest-rate hikes. The Fed and ECB both lifted borrowing costs by a quarter of a percentage point while keeping options open for their next meetings in September. In Japan, the … Read more