Brief respite from peso after forex intervention
Mexico’s central bank intervened in the foreign exchange markets to halt the peso’s record slide against the dollar but failed to provide anything more than temporary respite for its battered currency. The peso responded to the move, the first of its kind since the election of Donald Trump, with a 1.5 per cent rise against the dollar. Having tumbled to another all-time low of 21.61 pesos on […]