Mexico's Peso Touches One-Month High Before Fed Rate Decision
This article is for subscribers only.
The Mexican peso rose to a one-month high as traders weighed whether the Federal Reserve will raise U.S. interest rates on Thursday for the first time since 2006, which could prompt policy makers in the Latin American nation to do the same next week.
The Mexican currency rose to as high as 16.5219 per dollar in Mexico City, the strongest since Aug. 19. It was little changed at 16.5473 per dollar at 10:18 a.m. in Mexico City.