Puerto Vallarta, Mexico - The Mexican peso weakened on Friday morning, continuing its negative trajectory as the market braces for the possible implementation of U.S. tariffs on Mexico and Canada starting Saturday, February 1.
The peso’s spot exchange rate stood at 20.6326 pesos per dollar, according to data from the Bank of Mexico (Banxico). This represents a decline of 20.53 cents, or 1.01%, compared to Thursday’s closing level of 20.4273 pesos per dollar.
