Mexican Peso Outlook: USD/MXN May Extend Losses if Banxico Retains Hawkish Tilt - DailyFX

Banxico is expected to raise rates for the seventh consecutive time on Thursday. The move is priced in, so the bank's monetary policy guidance will be the main driver of the Mexican peso

. MEXICAN PESO OUTLOOK:

• Banxico expected to raise interest rates by 50 basis points to 6.50% to tackle soaring inflation
• The half-percentage point hike is fully discounted by marke… [+3344 chars]
  full article...