Mexico central bank raises benchmark interest rate to 7.25% from 7.0% - ConsultFX

Mexico central bank raises benchmark interest rate to 7.25% from 7.0%

Hike was expected The USDMXN has move lower today.  Looking at daily chart, the pair moved up from the 200 day MA (reached toward the end of November - currently at 18.43088) and stalled near the 38.2% of the move down from the 2017 high (at 19.1968).   Copyright 2015 Forexlive.com