Puerto Vallarta News

Puerto Vallarta News

Mexican Peso Strengthens for Third Day as Global Tensions Ease and Banxico Decision Looms

The Mexican peso gained for a third consecutive day, closing at 18.9244 per dollar amid easing geopolitical tensions and anticipation of Banxico’s interest rate decision.

The Mexican peso appreciated for the third consecutive session on Wednesday, gaining ground against the U.S. dollar amid a calmer global market following the end of tensions between Israel and Iran. The easing of geopolitical risks appears to have restored some investor confidence, helping the peso make a modest but notable comeback.

According to official data from the Bank of Mexico (Banxico), the . . .

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