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Mexico Likely to Raise Interest Rate to Defend Peso in Wake of US Election

Mexico’s central bank is likely to raise its key interest rate by at least 75 basis points Wednesday if U.S. Republican candidate Donald Trump wins the U.S. election to become the country’s next president, three economists said. Trump, who has threatened to rip up the North American Free Trade Agreement and build a wall between Mexico and the U.S. border, was leading the vote against Democratic rival Hillary Clinton, according to media projections. Trump’s lead pushed the peso to a...

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