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 . . .

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