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Chart of the Day: Peso power

The Mexican peso is enjoying its best day in months as Donald Trump's secretary offers support to stabilize the exchange rate. He doesn't want a return of the 'tequila crisis' of 1994 when capital flights caused a devalu…

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Chart of the Day: Peso power
Chart courtesy - Bloomberg

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The Mexican peso is enjoying its best day in months as Donald Trump's secretary offers support to stabilize the exchange rate. He doesn't want a return of the 'tequila crisis' of 1994 when capital flights caused a devaluation of the peso.

 As the Mexican central bank prepares to begin its $20 billion hedging program next Monday, it has so far refused a swap line with the Federal reserve of the US.

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