Puerto Vallarta and Mexico News

Puerto Vallarta and Mexico News

The peso hits new record low

Mexico's currency hit its weakest level on record on Wednesday, part of a broader slump in regional currencies depressed by concern that Greece may leave the euro zone and that U.S. interest rates are headed higher.

Mexico is seen as particularly vulnerable to the effects of higher borrowing costs in the Unites States, its main trading partner. The country's manufacturing sector slipped in June to its lowest in 11 months, a survey showed, even before the potential U.S. rate hike.

"The drop in the PMI (purchasing managers' index) adds to the list of data from Mexico . . .

Read Full Story

Related Posts

Xcaret ruling redraws limits on Maya branding in Mexico

Xcaret ruling redraws limits on Maya branding in Mexico

Mexico’s top court says Maya cultural heritage is not open tourism branding, forcing Xcaret to...
Beach contamination in Veracruz raises fresh doubts

Navy ties Gulf spill to anchored vessel off Coatzacoalcos

Mexico’s Navy says a vessel anchored off Coatzacoalcos helped cause the Gulf spill, alongside natural...
First 2026 Migrant Caravan Sets Out for Mexico City

First 2026 Migrant Caravan Sets Out for Mexico City

Around 500 migrants left Tapachula after months of low pay and stalled paperwork, exposing pressure...
Playa del Carmen Still Lacks Rules for Offshore Sargassum

Playa del Carmen Still Lacks Rules for Offshore Sargassum

Playa del Carmen enters sargassum season with private offshore cleanup stalled by unclear rules and...