Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Bank of England Expected to Hold Interest Rates at 3.75% as Inflation Remains Elevated 
Fed Confirms Rate Meeting Schedule Despite Severe Winter Storm in Washington D.C. 
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength 
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
The Mexican peso tumbled to the lowest level since its re-denomination in 1993 amid concern over U.S. trade policy. MXN had eased notably against USD, but the currency climbed as much as 1.5 percent after Banxico confirmed that it was selling dollars to bolster the exchange rate from a record low.
Appointment of important posts for the US Department of Commerce which underpin the protectionist approach of the future US President weighed heavily on sentiment. Further, the decision of US car manufacturer Ford Motor Co. not to set up a factory in Mexico saw a 3.5 percent dip in MXN in two days.
On Thursday, the central bank finally intervened and tried to support MXN with the help of USD sales. The effect wore off quickly, as the uncertainty about US trade policies is too high. Banxico demonstrated determination to dampen excessive MXN depreciation.
“Two interventions in two days suggest the central bank has become even more nervous,” said Masashi Murata, a Tokyo-based currency strategist at Brown Brothers Harriman & Co.
