Mexico City. The Mexican currency recovered part of what it lost against the dollar in the last two days, registering a daily appreciation of 0.36 percent, to 19.6417 units per spot dollar this Wednesday. After reaching 19.7131 units per dollar yesterday, the worst closing level for the national currency since December 2022, due to concerns … Read more
Mexico City. The Ministry of Finance and Public Credit (SHCP) is preparing an initiative to reform the legal framework of currency exchange centers, seeking to strengthen the purchase and sale of foreign currency in cash that takes place at counters, reported Ángel Cabrera Mendoza, coordinator of banking and securities for the agency. Participating in the … Read more
Mexico City. Following the publication of US GDP data, which surprised markets with figures higher than previously expected, the dollar strengthened internationally, causing ups and downs and a depreciation trend in the Mexican peso on Thursday, returning to the 20-unit mark per dollar. The Mexican currency returned to losses, after the pause made in the … Read more
Mexico City. Amid heightened risk aversion in Mexico and economic data in the United States, the Mexican peso was the most depreciated currency in the broad basket of major crosses, registering a daily loss of 1.83 percent, equivalent to 34.74 dollars, to close at 19.3433 units per spot dollar. According to data from the Bank … Read more
The Mexican peso was the most depreciated currency yesterday among a varied basket of currencies against the US dollar, registering a daily loss of 1.83 percent and closing at 19.3433 units per dollar. spot. The debate over the allocation of deputies and senators in the next Congress, which aims to give a qualified majority to … Read more
The Mexican peso extended its decline on Thursday, seen in the previous three sessions, and was once again positioned among the currencies of emerging countries that had the greatest losses against a dollar that recovered internationally. The exchange rate showed signs of weakening after the inflation and gross domestic product (GDP) figures were released, showing … Read more
Amid moderate gains in the U.S. and Mexican stock markets, the Mexican peso recovered ground, closing Wednesday below the psychological level of 19 units per spot dollar, after the U.S. inflation data strengthened the outlook that the Federal Reserve (Fed) could lower interest rates in September. The Mexican currency reported a daily appreciation of 0.90 … Read more
Mexico City. The Mexican peso closed Thursday’s session below 19 units per dollar spotas the Bank of Mexico (BdeM) resumed its cycle of lowering reference rates that determine the cost of credit used to finance companies and individuals. The Mexican currency moved contrary to the response that analysts expected if the Bank of Mexico decided … Read more
The Mexican peso ended a week of strong swings with gains, as it was helped by a weakening dollar and less concerns about economic growth in the United States and after the Bank of Mexico cut its benchmark interest rate. In wholesale operations, the peso closed at 18.82 units per dollar, recovering 14 cents (0.73 … Read more
Mexico City. In a highly volatile session, the Mexican peso erased its morning gains and rebounded to a high of 18.86 per dollar on Thursday. The Mexican currency registered a daily depreciation of 0.75 percent, equivalent to 14.01 cents against the US currency, to close at 18.7721 units per spot dollar, a level not seen … Read more