The Mexican peso appreciated for a seventh consecutive day, closing at 18.7307 per dollar amid U.S. fiscal policy shifts and weakening of the dollar. Analysts expect a rebound but warn of long-term depreciation.
The Mexican peso posted its seventh straight day of gains on Tuesday, bolstered by a weakening U.S. dollar and investor reaction to U.S. fiscal developments. The peso closed the session at 18.7307 per dollar, an appreciation of 3.47 centavos—or 0.19 percent—from the previous day’s official close of 18.7654 . . .
