Puerto Vallarta, Mexico - The Mexican peso is depreciating against the U.S. dollar on Wednesday as the local currency reacts to higher-than-expected inflation data in the United States. The stronger-than-anticipated inflation figures have reinforced expectations that the Federal Reserve will maintain interest rates unchanged, fueling the dollar’s advance in global markets. According to official data from the Bank of Mexico (Banxico), the spot exchange rate stands at 20.5832 pesos per dollar. This marks a depreciation...
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