MX Central Bank Interest Rate
The interest rate of the Central Bank of Mexico sounds exotic and, as a matter of fact, this release acts so. Monitor the spread during the publication and also look over the margin requirements for USDMXN.
Features of the publication
If the data exceeds the forecast, USDMXN falls and vice versa
As a rule, trading can occur more often here than on other decisions of other central banks. The Bank of Mexico shows a high probability of a divergence of economists’ forecasts, but it is not good time to relax, as an exotic pair requires a cautious approach for its trading.
You might think that the spread is high enough, but try to open a deal on a demo account and you will see that the spread is basically similar to the usual in currency expression. Please note that the pledge requirements may be higher for USDMXN.
Monitor the slippage.