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

Protest blockade brings Puerto Vallarta traffic to a halt

Protesters blocked Francisco Medina Ascencio Blvd, paralyzing routes north of Puerto Vallarta as families demand...
Vallarta Nayarit Gastronómica 2025

Vallarta-Nayarit Gastronómica Hits New High, Sets 2026 Dates

Over 16,000 attendees flocked to Vallarta-Nayarit Gastronómica in 2025; now organizers are planning an even...
Night fire destroys La Palapita on Cancún’s Kabah Avenue

Night fire destroys La Palapita on Cancún’s Kabah Avenue

A pre-dawn fire tore through La Palapita on Cancún’s Kabah Avenue, causing heavy damage. Authorities...
San Miguel de Allende bus fares rise with new rules

San Miguel de Allende bus fares rise with new rules

San Miguel de Allende raised urban and suburban bus fares after the state gazette notice,...