Puerto Vallarta, Mexico - The Mexican peso experienced a volatile start on Thursday, opening around 20.39 pesos per dollar—an appreciation of 0.09% or two cents compared to the previous day—according to Bloomberg data.
Market analysts attribute the initial volatility to concerns surrounding tariffs imposed earlier this week. However, a last-minute agreement among Mexico, Canada, and the United States to suspend tariffs on vehicles for another month helped stabilize the currency, according to Monex specialists.
“The peso began the session on weaker footing due to uncertainty over trade measures,” a Monex analyst . . .
