(Bloomberg) -- Mexico's peso and local-currency
bonds fell as traders trimmed 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
Federal Reserve Bank of Cleveland President Sandra Pianalto said
inflation in the world's largest economy is ``uncomfortably
high.''
Read more at Bloomberg Currencies News
bonds fell as traders trimmed 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
Federal Reserve Bank of Cleveland President Sandra Pianalto said
inflation in the world's largest economy is ``uncomfortably
high.''
Read more at Bloomberg Currencies News
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