Puerto Vallarta News

Puerto Vallarta News

Mexican Peso Strengthens as Dollar Remains Stable Amid Global Market Declines

The Mexican Peso opened on Tuesday at 19.81 pesos per dollar in international markets, marking an appreciation of 0.78% or 16 cents compared to the previous trading session, according to data from Bloomberg. The peso's performance comes amid continued volatility in the overnight session, where the exchange rate demonstrated a downward bias. However, despite ongoing challenges in the local economy, the peso has maintained its position below the psychological threshold of 20 pesos per dollar, a level it has resisted breaking in recent days.

Analysts at Momex attributed . . .

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