Puerto Vallarta News

Puerto Vallarta News

Mexican peso gains for fourth straight day after Banxico rate cut and positive global sentiment

The Mexican peso rose for a fourth consecutive session, closing at 18.8623 per dollar after Banxico cut interest rates to 8% and global sentiment improved.

The Mexican peso posted its fourth consecutive day of gains against the U.S. dollar on Thursday, closing at 18.8623 pesos per dollar, supported by a widely anticipated interest rate cut by Banxico and mixed economic indicators in the United States.

According to official figures from the Bank of Mexico (Banxico), the local currency strengthened 6.21 . . .

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