Puerto Vallarta News

Puerto Vallarta News

Mexico’s peso hits record low as U.S. election tightens

The peso MXN= closed at a record low on Wednesday of 19.2745 per dollar after big losses that were partly fanned by concerns U.S. Republican candidate Donald Trump could triumph over his Democratic rival Hillary Clinton in November.

Those concerns deepened on Monday after a bout of pneumonia compelled Clinton to take a break from the campaign trail. The peso gained slightly on Thursday to trade around 19.2065 per dollar.

"If the presidential race in the United States keeps tightening, I think this will keep generating depreciation pressures," said Alonso Cervera, an economist at Credit Suisse.

Two . . .

Read Full Story

Related Posts

the real mexico

If you love Mexico, don’t romanticize it. Respect it.

This opinion piece critiques romantic expat content about Mexico and calls for honesty about privilege,...
Mexico New Year rituals

Mexico New Year rituals with grapes and suitcases tonight

Mexico New Year rituals mix 12 grapes, suitcase runs, sweeping, and color-coded underwear—superstition that doubles...
territorial security approach

Territorial security approach in Mexico meets adaptive cartels

Mexico’s territorial security approach can calm hotspots, but cartels adapt fast, shifting violence and extortion...
Order Food in Mexico

Order Food in Mexico Without Sounding Like a Tourist

Use small, polite Spanish phrases, steady rhythm, and the right “por favor” to order smoothly...