The Mexican peso’s strong run hits a snag following US inflation worries
The peso climbed above 17 to the U.S. dollar on Friday after U.S. Federal Reserve Chairman Kevin Warsh expressed concern about inflation. Mexico’s currency closed on Thursday at 16.9752, but the spot exchange rate reached 17.0151 shortly after Warsh’s speech at the Fed’s annual Jackson Hole (Wyoming) symposium, his first since being confirmed as Fed chairman on May 12. Kevin Warsh’s Friday speech…
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