Mexican Peso Rises To 2-day High Against U.S. Dollar

Date : 05/19/2017 @ 4:35AM
Source : RTTF2
Stock : United States Dollar (B) VS Canadian Dollar Spot (USD/Cad) (USDCAD)
Quote : 1.27803  0.00233 (0.18%) @ 12:17PM
United States Dollar vs Canadian share price Chart

Mexican Peso Rises To 2-day High Against U.S. Dollar

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6 Months : From May 2017 to Nov 2017

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The Mexican Peso climbed against the U.S. dollar in the European session on Friday, after the Bank of Mexico unexpectedly raised its benchmark rate by a quarter point amid rising inflationary pressures.

The Bank of Mexico lifted its benchmark by 25 basis points to 6.75 percent, while economists had forecast the rate to remain unchanged at 6.50 percent.

The Mexican Peso climbed to a 2-day high of 18.68 against the greenback, compared to Thursday's closing value of 18.84. The Mexican Peso is likely to target resistance around the 17.00 zone.

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P:40 V:us D:20171117 17:32:37