Puerto Vallarta News

Puerto Vallarta 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

Atlantic sargassum belt triggers early in Riviera Maya

Atlantic sargassum belt triggers early in Riviera Maya

Satellite tracking shows a huge Atlantic sargassum belt as Playa del Carmen sees an unusual...
Survey says tourists feel safe in Los Cabos this season

Survey says tourists feel safe in Los Cabos this season

Exit surveys during peak season found 9 in 10 visitors felt safe in Los Cabos,...
San Miguel de Allende seeks Food and Travel Reader Awards

San Miguel de Allende seeks Food and Travel Reader Awards

With voting ending Jan. 30, San Miguel de Allende is chasing top Food and Travel...
Vendors allege kickbacks in Cancún city permit offices

Vendors allege kickbacks in Cancún city permit offices

Small businesses in Benito Juárez say they’re asked for “mochadas” to speed up or cut...