U.S. stocks tumbled on Wednesday, on concerns about inflation and higher interest rates as oil jumped to a record above $123 a barrel.
http://www.reuters.com/article/marketsNews/idCAN0728236420080507?rpc=44
Hoenig's comments reinforced views that the spread between U.S. and Mexican interest rates is unlikely to widen further, curbing the attraction of peso-denominated assets.
"The United States is going to be raising rates and that makes the dollar in general stronger," said Felix Boni, head of research at Scotia Capital in Mexico City.
http://www.reuters.com/article/marketsNews/idINN0760304520080507?rpc=44
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