Puerto Vallarta, Mexico - The Mexican peso opened Tuesday trading around 20.0 pesos per U.S. dollar in international markets, marking a modest appreciation of 0.23% — or five centavos — compared to Monday’s closing, according to data from Bloomberg.
Overnight trading was characterized by downward volatility in the exchange rate, though the peso ultimately regained ground. The currency was buoyed by a weakening U.S. dollar and encouraging domestic retail sales figures, which helped it once again test the key psychological barrier of 20 pesos per dollar.
Market analysts from Monex noted that investor . . .
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