Mexican Peso Depreciates Amid Fears of Trump’s Possible Return to White House

Puerto Vallarta, Mexico - The Mexican peso closed last week with a depreciation of 3.11% against the U.S. dollar, settling at 19.8860 pesos per dollar compared to 19.8807 the previous day, according to the Bank of Mexico (Banxico). This marginal decline of 0.03% reflects growing market concerns over the potential return of former President Donald Trump to the White House. Over the weekend the peso was quoted at 19.99 pesos per dollar.