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Mexican Peso Surges On Chatter Fed Will Rescue Currency From Trump’s Damage

Wednesday, March 1, 2017 21:09
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(From Zerohedge)

After President Trump’s plans for renegotiating NAFTA and building a border wall have monkeyhammered the Mexican Peso to record weakness, it appears Banxico has found a friend to help defend its currency – The Fed.

Bloomberg reports that, according to three people with knowledge of the discussions, Banxico is considering requesting swap line with Fed to ensure liquidity in peso trading should volatility jump.

And The peso is surging…

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