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Peso Rate Alert


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1 United States Dollar equals 20.11 Mexican Peso
Aug 28, 9:00 PM UTC
 
Aug 28 (Reuters) - Latin American currencies weakened
against a firm dollar on Wednesday as investors shied away from
riskier bets amid global growth worries, while strong demand for
oil helped equities in the region rise. 
    Adding to a bout of data signaling global slowdown, Mexico's
central bank, Banxico, reduced its projected growth for Latin
America's second-largest economy for the fifth time in a row for
2019 and expects a smaller expansion in 2020.
    Banxico also cut its inflation forecast for the end of 2019
to 3.2% from 3.7% on the back of growth risks arising from
global trade disputes and struggling state oil firm Pemex, whose
ratings downgrade poses a big threat to the sovereign debt.
    The Mexican peso  MXN=  shed 0.4%.
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mexico is coupled to US rates, mexico raised peso interest rate  when US went up.

so expect Mexico rates to go down, if USA goes down mexico will follow, maybe not the same month, but they will follow.

Amlo said he wants the rate down

i am a buyer of pesos when it gets to 21, so you can buy pesos over 20 1/2

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