Wednesday, March 29, 2017

EMERGING MARKETS-Mexico peso strengthens on oil, rate hike bets

SAO PAULO, March 29 (Reuters) - The Mexican peso

strengthened on Wednesday, supported by rising oil prices and

bets that the central bank will increase interest rates this

week.

The peso firmed 1 percent after losing 1.4 percent

in the previous two days.

Traders expect Mexico's central bank to raise its benchmark

interest rate this week for the fifth meeting in a row but at a

slower pace following the peso's recent rally.

Bets that U.S. President Donald Trump will not impose big

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