Forward Peso Market May Soon Evolve Despite Political Turmoil
BANKS
Despite the political and market instability in recent weeks, trading in the Mexican peso is still likely to benefit from restrictions being lifted by the central bank, Banco de Mexico, sources say. One market source close to the central bank predicts restrictions on the forward market could lift by the end of April; however, he says plans could be postponed given the current climate.
By closing Mexican banks and currency markets for a day of mourning (or a day of cooling off) on March 24 and
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