(Bloomberg) -- Mexico's currency rose to its strongest since January on expectations the U.S. Federal Reserve will keep borrowing costs steady when policy makers meet this week, preserving the attractiveness of riskier peso assets.
Anticipation regarding the Fed's stance on its benchmark lending rate comes after Mexico's central bank unexpectedly raised its target by a quarter-percentage point on April 27. The move by Banco de Mexico widened the spread, or yield differential, between the banks' key rates for the first time in two years.
Read more at Bloomberg Currencies News
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