Citigroup Unconvinced of Mexico Peso Bounce as Fed Meeting Looms

  • Analysts say emerging-market positives likely short-lived
  • Potential bond outflows worth watching, Citigroup says

The Mexican peso’s rally to a three-week high is probably only a temporary breather from a selloff that pushed the currency to a record low as the Federal Reserve prepares to raise interest rates, according to Citigroup Inc.

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