Is the Superpeso Back? Mexican Peso Strengthens for Second Day Against Weakening Dollar

Puerto Vallarta, Mexico - The Mexican peso appreciated for the second consecutive day on Thursday morning, driven by a weakening U.S. dollar as investors processed fresh economic data from the United States, including producer prices (PPI) and unemployment claims. The local currency has gained momentum as global markets anticipate upcoming decisions from the U.S. Federal Reserve regarding interest rate cuts.