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Mexico lifts rates amid fall of peso

Friday, November 18, 2016

Mexico’s central bank raised interest rates on Thursday as the country grapples with a weaker peso and uncertainty over the future of Mexico’s relationship with its largest trading partner.

U.S. President-elect Donald Trump’s pledge to revise the North American Free Trade Agreement has caused deep anxiety among Mexican leaders and businesses. Mexico sends 80% of its exports to the U.S. market.

Source: Wall Street Journal