(Bloomberg) -- Investors should use options to capture Mexican peso gains against the dollar amid expectations for fiscal reforms, according to Lehman Brothers Holdings Inc.
Mexico's central bank unexpectedly lifted the overnight benchmark rate to 7.25 percent on April 27, surprising all 16 economists surveyed by Bloomberg, who predicted the rate would be left at 7 percent. The peso has appreciated about 0.6 percent since the rate increase, trading at 10.8958 per dollar on May 4.
Read more at Bloomberg Currencies News
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