18 Jun 2015
USD/MXN rises above 15.300 on a volatile day
FXStreet (Córdoba) - USD/MXN moved sharply on Thursday and is about to end higher recovering after posting yesterday the lowest close since in almost a month.
The pair plummeted yesterday after the FOMC statement and bottomed at 15.240. Today, before the American session dropped further and reached at 15.163 the lowest level since May 21. But then bounced sharply to the upside, erased daily losses and reached a daily high at 15.370. Current is hovering around 15.310.
Banxico minutes
Today the central bank of Mexico released the minutes of its latest meeting when it kept interest rates unchanged at 3%. According to the document the central bank would adjust its policy if it detects risks to the inflation target of 3% despite what the Federal Reserve does.
The pair plummeted yesterday after the FOMC statement and bottomed at 15.240. Today, before the American session dropped further and reached at 15.163 the lowest level since May 21. But then bounced sharply to the upside, erased daily losses and reached a daily high at 15.370. Current is hovering around 15.310.
Banxico minutes
Today the central bank of Mexico released the minutes of its latest meeting when it kept interest rates unchanged at 3%. According to the document the central bank would adjust its policy if it detects risks to the inflation target of 3% despite what the Federal Reserve does.