Puerto Vallarta News

Puerto Vallarta 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

Mexico Revamps Vaquita Protection Effort in Upper Gulf – Again

Mexico’s government and local fishers have agreed to revise Upper Gulf fishing rules. The aim...
Downtown Sinkhole Finally Patched After Feeding on a Car

Almost News: Downtown Sinkhole Finally Patched After Feeding on a Car

This story is part of the PVDN Almost News: news with a dollop of humor. These...
Santiago Gallón Henao

Narco Linked to Andrés Escobar’s Murder Killed in Mexico

Colombia’s President Gustavo Petro says Colombian narco Santiago Gallón, tied to the 1994 murder of...
Olga Cabrera and Tierra del Sol shine in the Mexico Gastronomic Guide

Tierra del Sol Named Mexico’s Restaurant of the Year 2026

Chef Olga Cabrera’s Oaxacan restaurant Tierra del Sol, known for blending tradition with innovation, wins...