http://www.zerohedge.com/news/2016-02-17/mxn-shorts-crushed-soars-after-mexcian-central-bank-unexpectedly-hikes-rate-50-bps-p
It was already a torrid day for commodity
currencies, among which the MXN, or Mexican Peso, which were surging on
today's latest crude short squeeze and then as if pulling a PBOC with
just one intention - to crush the shorts - the Mexican Central Bank or
Banxico, dealt a crushing blow on anyone short the MXN when it
announced an unexpected 50 bps rate hike in the overnight rate to
3.75%.
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