Puerto Vallarta, Mexico - The Mexican peso appreciated against the dollar on Tuesday, buoyed by lower-than-expected producer price data in the United States and speculation regarding a gradual implementation of tariffs by the incoming U.S. administration.
According to the Bank of Mexico (Banxico), the exchange rate closed at 20.5311 pesos per dollar, marking a gain of 19.24 cents or 0.93% from Monday’s close of 20.7235 units. During the day, the peso traded within a range of 20.4532 and 20.6704 pesos per dollar.
