The Mexico central bank set its benchmark interest rate at 4.25% and says that the board was not unanimous on rate decision. Key points Says two members of the board voted to cut rate to 4.00%. Says the balance of risks for trajectory of inflation is uncertain. Says monetary policy implementation will depend on evolution factors affecting headline, core inflation and on their expectations. Says pause provides the necessary room to confirm that the trajectory of inflation converges to the target. Says risks for inflation, economic activity and financial markets pose major challenges for monetary policy and for the economy in general. More to come…. USD/MXN update USD/MXN is better offered, on the news within a bearish trend pertaining to US dollar weakness and optimism for global economic growth in 2021. The pair trades at 19.7888, -0.27% at the time of writing, EM-FX is buoyed by the more positive mood and vaccine rollouts in Western economic fuelling risk appetite and the hunt for yield. The MSCI index is up some 1.85% for the week at the time of writing at the highest levels since Jan 2018. More to come… FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Von der Leyen: Big differences remain, negotiations will continue tomorrow. FX Street 2 years The Mexico central bank set its benchmark interest rate at 4.25% and says that the board was not unanimous on rate decision. Key points Says two members of the board voted to cut rate to 4.00%. Says the balance of risks for trajectory of inflation is uncertain. Says monetary policy implementation will depend on evolution factors affecting headline, core inflation and on their expectations. Says pause provides the necessary room to confirm that the trajectory of inflation converges to the target. Says risks for inflation, economic activity and financial markets pose major challenges for monetary policy and for the economy in general.… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
