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
Mexico City. The Mexican peso registered a correction this Tuesday, after reaching a new minimum since August 2015, and amid lower risk aversion due to relief in the Middle East; as well as the probability that the Bank of Mexico (BdeM) will study making another cut to the reference rate, which would reduce the rate … Read more
Mexico City. The Mexican peso could not against the strength of the dollar, after United States manufacturing activity grew for the first time since 2022. It seemed that the Mexican currency was going to have a day of glory this Monday, after the winning first quarter and extending its best levels since 2015, trading above … Read more