Weight spun two days lower after Fed minutes – The Economist

After the minutes of the US Federal Reserve 0.09% Mexican currency depreciated against the dollar and closed at 14.91 pesos per dollar, according to information from Banco de Mexico.

The weight spun two days lower against the dollar, closing the day on Wednesday at 14.91 per US dollar, with a decline of 0.09%, according to information from Banco de Mexico.

The Mexican currency fell after the president of the Federal Reserve Bank of New York, William Dudley, said the central bank could still raise rates in June, if rebound economic data in the US next two months.

Two influential officials of the US Federal Reserve said they could still raise interest rates in June despite the recent weak economic data and skepticism among investors.

This put the spotlight directly to the performance of the economy over the next two months.

In the bond market, the yield on the benchmark 10-year, one of the most liquid, down based on three points to 5.66 percent.

With information from Reuters

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