Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
The Mexican peso traded with a slightly weaker tone yesterday on the back of generalized USD strength closing at USD-MXN 15.40.
The peso disregarded the explicit guidance of the National Council of Financial Sector Stability (CESF in Spanish) that continues to reiterate its commitment to follow sound macroeconomic policy and do the necessary adjustments to monetary and fiscal policy to better absorb any potential or eventual shocks derived from higher rates in the US or any other imbalance, says Commerzbank.
The council is comprised of the Minister of Finance, the Governor of the Central Bank (Banxico), two Banxico Vice-Governors and the president of the Banking regulator commission thus showing that all important policy actors in Mexico are in line in its assessment of potential volatility sources and most important of all, ready to act in order to limit excessive weakness beyond what is justified by Mexico's macro picture.
