Puerto Vallarta News

Puerto Vallarta News

Mexican Peso Strengthens to Highest Level Since August Amid Fed Rate Cut Expectations

The Mexican peso hit 18.82 per dollar on June 29, its strongest level in 10 months, supported by investor optimism over Fed rate cuts and U.S. economic policy shifts.

The Mexican peso is once again proving its resilience on the global financial stage. On Sunday, June 29, the currency strengthened to 18.82 pesos per U.S. dollar—its best performance since August of last year—according to data from Investing.com.

This rally comes despite the ongoing global trade tensions and continued uncertainty surrounding U.S. economic policy . . .

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