Not So Super Peso: Mexican Peso Decline Continues With Robust US Economic Data

The Mexican peso continued its downward trend for the third consecutive day on Thursday, driven by a pronounced aversion to risk as investors processed robust economic data from the United States.

The exchange rate concluded the day at 18.4524 pesos per dollar, marking a decline from its previous closing value of 18.3705 pesos, as reported by the Bank of Mexico (Banxico). This change represents a fall of 8.19 cents for the peso, equivalent to a 0.45 percent decrease.