Puerto Vallarta and Mexico News

Puerto Vallarta and Mexico News

Mexican Peso Weakens Amid Inflation Data: Marginal Gains Reversed

The Mexican peso began trading Thursday with an initial gain against the U.S. dollar, but those gains were short-lived after inflation data from the Bank of Mexico was released, which spooked the market and reversed the currency's momentum. The peso was trading at 19.8188 units per dollar, showing only a modest 0.4 percent advance compared to Wednesday’s reference price, according to information from Reuters.

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