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Mexican Peso reels as Banxico's surprise rate cut fuels easing bets

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Mexican Peso reels as Banxico's surprise rate cut fuels easing bets

The Mexican Peso depreciates against the US Dollar after the Bank of Mexico (Banxico) unexpectedly cut interest rates in what it called a “one-time adjustment.” The USD/MXN trades at 19.74, yet it touched a daily low of 18.96.

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