Puerto Vallarta and Mexico News

Puerto Vallarta and Mexico News

mexico interest rates

Mexico’s peso reels from Trump’s improving poll numbers

On Tuesday morning, Mexico's peso was selling on average at 19.45 per dollar in banks. Mexico's central bank says the peso's interbank rate closed at 18.90 the day before.

The currency has been roughed up in 2016, losing nearly 10 percent of its value. Some of the volatility has appeared to track Trump's campaign success. The Republican presidential candidate speaks harshly of Mexican immigrants, promises to build a wall along the border and wants to renegotiate the North American Free Trade Agreement.

An analysis by the Banco Base financial group published Tuesday says new . . .

Read Full Story

Related Posts

Remittances to Mexico Drop

Remittances to Mexico rise for second straight month

Remittances to Mexico rose again in March, helped by larger average transfers despite fewer total...
Fire destroys seven homes in Cabo San Lucas neighborhood

Fire destroys seven homes in Cabo San Lucas neighborhood

A fire in Cabo San Lucas destroyed seven homes in the López Obrador neighborhood, affecting...
Mérida cannabis march puts Mexico’s legal gap on display

Mérida cannabis march draws tourist support and local pushback

A Mérida cannabis march drew tourist support and local pushback as activists pressed Yucatán for...
Cancún Radar Finds Hidden Sinkhole Risks Below Streets

Cancún Radar Finds Hidden Sinkhole Risks Below Streets

Benito Juárez Civil Protection is using ground-penetrating radar to detect hidden cavities, moisture and infrastructure...