Puerto Vallarta and Mexico News

Puerto Vallarta and Mexico News

The peso hits new record low

Mexico's currency hit its weakest level on record on Wednesday, part of a broader slump in regional currencies depressed by concern that Greece may leave the euro zone and that U.S. interest rates are headed higher.

Mexico is seen as particularly vulnerable to the effects of higher borrowing costs in the Unites States, its main trading partner. The country's manufacturing sector slipped in June to its lowest in 11 months, a survey showed, even before the potential U.S. rate hike.

"The drop in the PMI (purchasing managers' index) adds to the list of data from Mexico . . .

Read Full Story

Related Posts

puerto vallarta morning news

Puerto Vallarta Morning Coffee News to Start Thursday

Water outages, beach risks, inspections and evening events shape what Puerto Vallarta residents should watch...
Yucatán sargassum biofertilizers

Many Cancún Beaches See Light Sargassum This Wednesday

Most monitored Cancún beaches showed light sargassum Wednesday, while heavier buildup remained in parts of...
Playa del Carmen small hotels miss Easter occupancy target

Playa del Carmen small hotels miss Easter occupancy target

Small hotels in Playa del Carmen cleared 80 percent occupancy over Easter, but missed a...
Punta Esmeralda cleanup puts Playa del Carmen fragile coast in focus

Punta Esmeralda cleanup puts Playa del Carmen fragile coast in focus

Municipal crews removed nearly 60 kilograms of waste from Punta Esmeralda, underscoring the pressure on...