Puerto Vallarta News

Puerto Vallarta News

Mexican Peso Strengthens for Third Day as Global Tensions Ease and Banxico Decision Looms

The Mexican peso gained for a third consecutive day, closing at 18.9244 per dollar amid easing geopolitical tensions and anticipation of Banxico’s interest rate decision.

The Mexican peso appreciated for the third consecutive session on Wednesday, gaining ground against the U.S. dollar amid a calmer global market following the end of tensions between Israel and Iran. The easing of geopolitical risks appears to have restored some investor confidence, helping the peso make a modest but notable comeback.

According to official data from the Bank of Mexico (Banxico), the . . .

Read Full Story

Related Posts

peso today

Mexico’s peso briefly hit 17.98 as traders pile into carry trade

Mexico’s peso hovered near 18 per dollar, briefly hitting 17.98, as carry-trade flows and rate...
super peso

Mexico keeps its “Super Peso” reputation intact

The peso held its ground around 18.2 per dollar today, keeping its “super peso” reputation...
Mexican peso gains

Mexican peso gains on weak dollar and Fed cut odds

Mexican peso gains as traders bet on a December Fed rate cut, while delayed US...
Mexican peso exchange rate

Mexican peso exchange rate weakens on Fed data fears

The Mexican peso exchange rate slipped after the long weekend as investors turned cautious ahead...