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

Aldea Hortus in Tondoroque

Profeco halts sales at Tondoroque housing development

Profeco suspended sales at Aldea Hortus in Tondoroque after finding contract and pricing gaps that...
Jet-fuel spike could push up travel costs to Puerto Vallarta

Jet-fuel spike could push up travel costs to Puerto Vallarta

Puerto Vallarta business leaders say soaring jet-fuel costs may lift airfares soon, even as flights...

Puerto Vallarta Marathon Road Closures Begin at 2 AM

Puerto Vallarta will begin road closures at 2 a.m. Sunday for the marathon, with rolling...
Playa del Carmen water service recovers after pipe damage

Playa del Carmen water service recovers after pipe damage

Repairs finished after CADU damaged a 20-inch water main in Playa del Carmen, but low...