The peso-dollar exchange rate opened the session with a depreciation of 0.69 percent, or 13.2 cents, trading at 19.24 pesos per dollar. The exchange rate touched a minimum of 19.1112 and a maximum of 19.3098 pesos, driven by heightened risk aversion both locally and internationally.
Global Tensions Impacting Markets
The primary driver of global risk aversion stems from escalating tensions in the Middle East. Over the weekend, the Israeli military conducted airstrikes in southern Lebanon, targeting rocket launchers reportedly preparing for an attack. In retaliation, Hezbollah launched over 320 . . .
