Mexico to Intervene Amid Peso Drop

The video discusses FX headlines focusing on the Mexican Peso's sharp decline and the central bank's intervention strategy. It then shifts to the Malaysian Ringgit, affected by falling oil prices, leading to a potential current account deficit. Finally, it covers India's third-quarter current account deficit, driven by slowed exports and increased gold imports.

What action did the Mexican central bank take in response to the peso's decline?

• Introduced new currency notes

• Decreased taxes

• Implemented a currency intervention program

• Increased interest rates

What is the main reason for the Malaysian ringgit's decline?

• Rising inflation

• Political instability

• Falling oil prices

• Increased foreign investment

How long has it been since Malaysia last registered a current account deficit?

• 17 years

• 15 years

• 20 years

• 10 years

What contributed to India's current account deficit reaching a one-year high?

• Increased foreign aid

• Rise in tourism

• Surge in gold imports

• Decrease in foreign remittances

What was the estimated value of India's current account deficit in the third quarter?

• $10 billion

• $8 billion

• $5 billion

• $12 billion