(Bloomberg) -- Mexico's peso and local-currency
bonds fell as traders scrapped bets the U.S. Federal Reserve
will cut rates this year, dimming the allure of riskier assets.
The peso today extended last week's 1.8 percent slide,
after Bank of Cleveland Fed President Sandra Pianalto said
inflation in the world's largest economy is quickening at a
faster-than-desirable pace.
Read more at Bloomberg Currencies News
bonds fell as traders scrapped bets the U.S. Federal Reserve
will cut rates this year, dimming the allure of riskier assets.
The peso today extended last week's 1.8 percent slide,
after Bank of Cleveland Fed President Sandra Pianalto said
inflation in the world's largest economy is quickening at a
faster-than-desirable pace.
Read more at Bloomberg Currencies News
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