BLOOMBERG Mexico’s peso briefly strengthened past a key 18-per-dollar mark for the first time in five years as the nation’s high interest rates and proximity to the US lure traders. The currency rose as much as 0.7% to 17.9952 against the greenback, the highest intraday level since April 2018. The peso is the best performer of the year so far ...

BLOOMBERG The Federal Reserve said that further interest-rate hikes would be required to restore price stability. “The committee is strongly committed to returning inflation to its 2% objective,” the Fed said in its semi-annual report to Congress. Officials expect that “ongoing increases in the target range will be appropriate in order to attain a stance of monetary policy that is ...

BLOOMBERG The Bank of Canada (BoC) is limited in how much its interest rate increases can lag behind those of the Federal Reserve, with the gap threatening to weaken its currency and fuel inflation, according to an economist at Bank of Nova Scotia. Canada’s central bank was able to tighten less than the Fed in previous cycles when core inflation ...