To Barclays, Unprecedented Mexico Peso Defense Destined to Fail

Updated on
  • Mexico lifted rate, cut spending and unveiled new intervention
  • The measures have helped peso rebound from record lows

Mexico Finance Minister Says Peso Had to Be Saved

Mexico’s unprecedented attempt to shore up the peso this week is proving to be a success so far. But to Barclays Plc and Morgan Stanley, it will ultimately fail.

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