Puerto Vallarta and Mexico News

Puerto Vallarta and Mexico News

peso value

Mexico peso hits 3-month low, market expects more intervention

Mexico's peso slumped to a three-month low on Wednesday, with the speed of its recent tumble sparking speculation the central bank could soon intervene to try and cushion the currency's fall.

The peso sank as much as 0.9 percent to 18.4510 per dollar, its weakest since February. The peso has lost nearly 7 percent this month, making it the second worst performer among the world's 36 most-traded currencies, behind the South African rand.

A prominent group of Mexican economists on Tuesday said the peso was under a speculative attack, and analysts said the . . .

Read Full Story

Related Posts

Puerto Vallarta Malecón Expansion Delayed to March 27

Puerto Vallarta Malecón Expansion Delayed to March 27

Puerto Vallarta’s Malecón expansion is now due March 27, with the formal opening pushed to...
puerto vallarta fires

Cabo Corrientes wildfire burns past 2,000 hectares

A major wildfire in Cabo Corrientes remained active after burning more than 2,000 hectares, with...
INAH tightens equinox rules at Mexico archaeological sites

Spring equinox visits to Mexico ruins face limits

Mexico’s spring equinox weekend will bring tighter access rules, heavier crowds and stricter controls at...
Five Dead After Dos Bocas Refinery Fire in Tabasco

Dos Bocas Fire Puts Refinery Safety Back Under Scrutiny After 5 Killed

The deadly Dos Bocas fire is raising wider questions about safety, oversight, and risk at...