Mexico's peso is not seeing a new speculative attack despite its recent slump, Central Bank Governor Agustin Carstens said on Wednesday, prompting investors to cut back bets on an aggressive Mexican interest rate hike.
A tumble in the peso in May has stoked expectations that Mexico could raise interest rates next month in a bid to defend the currency.
But Carstens said the peso's depreciation had not been driven by any specific bet against the peso, which has weakened along with other emerging market currencies this month.
"We certainly are not seeing a speculative attack," Carstens told a . . .