U.S. rate hike fears may further weaken Mexican peso, investors anticipate - NewsBreak

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By Shannon in Business
Updated 2 years ago

MEXICO CITY, Nov 19 (Reuters) - Bets that the Mexican peso will continue to weaken have grown in recent weeks amid mounting concerns that the U.S. Federal Reserve will hike interest rates in efforts to combat inflation. Speculative positions against the currency on the Chicago Mercantile Exchange (CME), a thermometer...

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