The Mexican Peso opened on Tuesday at 19.81 pesos per dollar in international markets, marking an appreciation of 0.78% or 16 cents compared to the previous trading session, according to data from Bloomberg. The peso's performance comes amid continued volatility in the overnight session, where the exchange rate demonstrated a downward bias. However, despite ongoing challenges in the local economy, the peso has maintained its position below the psychological threshold of 20 pesos per dollar, a level it has resisted breaking in recent days.
Analysts at Momex attributed . . .
