If last year was a celebration of economic optimism in Mexico, this week felt like a hangover. The tensions that began with the overwhelming victory of the ruling party and its allies in the June 2 elections reached feverish proportions when the markets, investment banks, employers and even the US ambassador warned strongly about the … Read more
The Mexican currency opened on Tuesday at 18.83 pesos per dollar in international markets, which represents a depreciation of 0.93% or 17 cents compared to the previous day, according to information from Bloomberg. In the overnight session, the exchange rate was volatile with an upward bias. Today, the peso opened the session by reducing yesterday’s … Read more
With all eyes on the Federal Reserve’s (Fed) monetary policy this week and rising overall inflation in Mexico, the exchange rate in Mexico remains under pressure due to risk aversion among investors. The political and macroeconomic front is taking its toll on the Mexican peso, which depreciated 0.64 percent this morning to trade at around … Read more
The strength of the dollar, awaiting statements from central banks in industrialized economies, continues to weaken the Mexican peso. At the opening of the American markets, the Mexican currency extended yesterday’s losses, depreciating 0.98 percent, to trade at around 18.8112 units per dollar. The Federal Reserve’s fifth two-day meeting of the year kicks off on … Read more
Mexico Metropolis. After 12 days, the nationwide forex returned this Monday to shut beneath 18 pesos per greenback within the wholesale market, appreciating 0.81 %, equal to 14.66 cents in opposition to the US forex, to shut at 17.9705 items per greenback spot. The Mexican forex has had three periods of good points, thus persevering … Read more
Mexico Metropolis. After breaking beneath 18 per greenback within the earlier session, the Mexican peso registered a every day depreciation of 0.88 p.c, equal to fifteen.86 cents in opposition to the greenback, to shut at 91 models per greenback spot. The nationwide foreign money paused its three-session profitable streak, inspired by higher-for-longer rates of interest. … Read more
Mexico Metropolis. Within the midst of an effort by the subsequent administration to reiterate that the reform of the judicial department can be promoted in September, the Mexican peso depreciated this Monday towards a weak greenback worldwide. The Mexican peso stabilized, though it depreciated 0.44 % this Monday, equal to eight.15 cents towards the greenback, … Read more
Mexico Metropolis. The rise within the profitability demanded by buyers of Mexican authorities bonds, along with the expectation of Might inflation in the US, knowledge that can serve the Federal Reserve (Fed) to information itself when it comes to financial coverage this Wednesday, They saved stress on the alternate charge this Tuesday. The Mexican peso … Read more
He Mexican peso continues to fall after the presidential electionsrecording its worst session because the pandemic at half-time. Right this moment, June 3, 2024, The greenback is quoted at 17.58 pesos The Mexican foreign money has depreciated 3.46 p.c in comparison with Friday’s reference value, marking its largest each day loss since June 2020, when … Read more
Mexico City. The weakness of the dollar worldwide supported the exchange rate in Mexico to regain positive ground at the beginning of the week. The Mexican peso appreciated 0.75 percent, equivalent to 12.81 cents against the US currency, to close at 17.0185 units per spot dollar. Pending the outcome of the Federal Reserve’s monetary policy … Read more