Mexican central bank lowers benchmark rate by 50 basis points, as expected ...Middle East

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Mexican central bank lowers benchmark rate by 50 basis points, as expected
Decision was not unanimousOne vote was for unchangedLooking ahead, the board will assess further adjustments to the reference rate

Previously the guidance had been more explicit about considering cuts going forward, so it looks like they're going to slow cuts.

USD/MXN shorts are looking good as the market re-assesses the trade war.

    This article was written by Adam Button at www.forexlive.com.

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