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FX Desk

Mexican Peso slides to April lows as Banxico shrugs off Fed gap

By FXStreet

Mexican Peso slides to April lows as Banxico shrugs off Fed gap

The Mexican Peso (MXN) extends its losses against the US Dollar (USD) on Thursday after the Bank of Mexico (Banxico) held the benchmark interest rate unchanged at 6.50%, disregarding the interest rate differential as a primary factor in setting monetary policy.

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Source: FXStreet