Market Comment | The rebound in risk asset remained as oil price surged

Summary

Bank of Mexico delivers surprise interest rate hike in an unexpected meeting. Banxico increased 0.50% its key rate to 3.75% in an extraordinary meeting. Consequently, Mexican peso has appreciated strongly against USD (+3.2%). Government also announced other measures such as government cut spending this year. Iran remains reluctant to freeze oil production in today’s meeting. No […]

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