The current value of the peso against the dollar is more balanced for the Mexican economy and is far from affecting inflation goals, said Jonathan Heath, deputy governor of the Bank of Mexico (BdeM). An exchange rate at the levels it is at now, from 19 to 19.50, is better valued for the economy, more … Read more
Mexico City. The gain of the dollar in Mexico did not stop this Wednesday. For the third consecutive day, the Mexican currency weakened against its US counterpart this Wednesday, registering a daily depreciation of 0.75 percent, equivalent to 14.57 cents, to close at 19.4902 pesos per dollar spot. According to data from the Bank of … Read more
Russian President Vladimir Putin has made several changes to his own sports advisors. A total of 11 new members were included in the President’s Council for the Development of Physical Culture and Sports. At the same time, five people were removed from the Council. Among them is the former Minister of Internal Affairs Sergei Shoigu, … Read more
The former Minister of the Economy, Hernan Lacunzahe questioned the national government for its decision to maintain the exchange rate. According to the head of the Department of Finance during the Government of the Mauricio Macri, the recovery of the economy is the result of leaving the stocks «enough» if so Government from Javier Miley … Read more
The Mexican peso appreciated and recorded one of the best performances of the day among global markets, after the release of a solid employment report in the United States. In wholesale operations, the peso closed at 19.2587, with a gain of 10 cents (0.55 percent) compared to the previous day, according to the price of … Read more
The Mexican peso fell and reversed its initial gains, a day after the boost registered, following the announcement by the Bank of Mexico, which cut its interest rate on Thursday. In wholesale operations, the exchange rate remained at 19.69 units per dollar, a decline for the peso of 6 cents compared to the previous day … Read more
Mexico City. Now the unknown factor is Mexico’s economic policy, a cut to the reference rate of a quarter or half a percentage point, which the Bank of Mexico will clear up next Thursday. Meanwhile, the Mexican peso operated with indecision this Monday. The Mexican currency registered a marginal daily depreciation of 0.01 percent, closing … Read more
The peso posted its third consecutive week of losses, this time due to a strengthening of the dollar after a mixed labor report in the United States, while domestically the progress of the judicial reform process in Congress was influential. In wholesale operations, the Mexican currency fell 6 cents (0.33 percent), to 19.99 units per … Read more
The exchange rate in Mexico starts the week at 19.8331 pesos per dollar. In the face of a week full of economic information and in view of the monetary policy decisions of central banks such as those of the United States and Mexico, the Mexican peso starts the week around 19.80, very much awaiting the … Read more
Mexico City. The Mexican peso strengthened against the dollar again on Monday, in light of the interest rate cuts in the United States, as well as everything related to what will happen in the Senate with the reform of the Judicial Branch and the moderation of inflation in Mexico. The Mexican currency registered a daily … Read more