• Aug 21, 2024

Mexican Peso Weighs on Emerging FX After Fed Meeting Minutes

(Bloomberg) -- The Mexican peso was the biggest loser among emerging-markets currencies on Wednesday as investors assessed a range of risks — from local politics to a frailer US economy. Most Read from BloombergThe Serious Work That Free Play Can DoThe peso trimmed some losses after weakening as much as 2.2%. It took a leg down after minutes from the latest Federal Reserve meeting showed several officials saw a case for cutting interest rates last month. The Brazilian real and the Colombian peso