Puerto Vallarta, Mexico - The Mexican peso is facing renewed pressure against the U.S. dollar, pushing the exchange rate toward levels of 20.6109 pesos per dollar. At the opening of today's financial markets, the peso showed a depreciation of 0.58 percent, influenced by a robust dollar reaching a one-year high.
Market participants are keenly awaiting the Bank of Mexico's (BdeM) monetary policy decision scheduled for later today. Analysts widely expect the BdeM to reduce the benchmark interest rate by 0.25 percentage points, bringing it down from the current 10.50 percent . . .
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