Mexican Peso Drops as Mexico Prepares for Historic Presidential Inauguration

Puerto Vallarta, Mexico - The US Dollar has experienced a significant rally against the Mexican Peso, rising to its highest point in nearly three weeks. The increase comes in the hours leading up to the historic inauguration of Claudia Sheinbaum as Mexico’s first female president, while also reflecting market reactions to mixed economic data from the United States.

At the time of writing, the USD/MXN exchange rate has surged from a daily low of 19.61 to 19.79, a 19-day high. The pair is currently trading above 19.77, representing a gain of 0 . . .