LatinNews Regional Monitor: Mexico - 14 June 2018

*The Mexican peso traded at M$20.62/US$1 in the domestic currency market yesterday, marking a 16-month high exchange rate. The fall in the value of the peso came after the US Federal Reserve (Fed) confirmed that it had voted in favour of increasing its benchmark interest rate by 0.25 percentage points to 1.75%-2% on the back of solid economic expansion and strong employment figures in the US. The widely-anticipated decision by the Fed led to a move in the international markets away from emerging market currencies and towards the US dollar.

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