Experimental feature

Listen to this article

Experimental feature

The Mexican peso climbed to its highest level since the day following the election of Donald Trump after the country’s central bank raised interest rates.

The currency was recently up 0.4 per cent against the US dollar to MXN18.6160, the strongest level since November 9, according to Bloomberg data.

Banxico lifted its benchmark lending rate by a quarter-point to 6.5 per cent as it looks to cool down rising inflation.

Copyright The Financial Times Limited 2017. All rights reserved.

Follow the topics mentioned in this article

Follow the authors of this article

Comments have not been enabled for this article.