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Mexican Peso Continues Unstable: Dollar Reaches Nearly 20 Pesos, Creating Economic Ripples in Mexico After several days of the exchange rate hovering around 19 pesos per US dollar, today's figures show a shift closer to the 20-peso mark, with the dollar standing at 19.529 pesos. This marks a noticeable increase from last Friday, signaling a continued rise in recent days. Although the change appears modest, the psychological impact of…
From Super Peso to Uncertainty: Extraordinary Peso Strength May be Drawing to a Close Puerto Vallarta, Mexico - As of October 1, Claudia Sheinbaum Pardo has officially assumed the presidency of Mexico, embarking on her term with a variety of economic challenges and uncertainties ahead. This leadership change has coincided with recent fluctuations in the Mexican peso, which, after a period of robust performance earlier this year, has shown…
The Ups and Downs of the Peso: Mexican Peso Depreciates Amid Global Tensions Puerto Vallarta, Mexico - The Mexican peso is experiencing a depreciation against the U.S. dollar this Thursday morning, as global economic factors weigh heavily on the local currency. The peso has lost ground due to a stronger dollar, driven by investor caution over escalating tensions in the Middle East and recent labor market data from…
Mexican Peso Outlook Today: Middle East Tensions Tank Stocks, But Mexico’s Peso Surges The Mexican peso strengthened on Wednesday following President Claudia Sheinbaum's inauguration, as investors responded to promising economic signals from the United States. The domestic currency MXN= traded at 19.4364 pesos per dollar, showing a gain of 0.86% compared to Tuesday’s Reuters reference price. The appreciation followed a 0.37% gain during Tuesday’s international trading session, as…
The Mexican Peso Today: Mexican Peso Gains Against U.S. Dollar Amid Strong Labor Data from the United States Puerto Vallarta, Mexico - The Mexican peso strengthened against the U.S. dollar on Friday morning, October 4, buoyed by positive labor market data from the United States. As of 6:52 a.m., the exchange rate stood at $19.33 Mexican pesos per dollar in the spot market, reflecting an appreciation of 0.11% compared to Thursday's close. This…
Hurricane John Sinks Tourism in Acapulco: Hotel Occupancy Drops to 13% Acapulco, Mexico – In a troubling recurrence, Acapulco, one of Mexico's premier tourism destinations, finds itself grappling with the aftermath of a significant weather event for the second time in just over a year. This time, Hurricane John, which did not make direct landfall, has nonetheless inflicted substantial economic damage. The hurricane brought heavy rain,…
Mexican Peso Drops as Mexico Prepares for Historic Presidential Inauguration Puerto Vallarta, Mexico - The US Dollar has experienced a significant rally against the Mexican Peso, rising to its highest point in nearly three weeks. The increase comes in the hours leading up to the historic inauguration of Claudia Sheinbaum as Mexico’s first female president, while also reflecting market reactions to mixed economic data from…
Puerto Vallarta’s New Mayor Launches Emergency Pothole Repair Program Puerto Vallarta, Jalisco – True to his campaign promise, newly elected Mayor Luis Munguía has launched the "Emergency Pothole Repair" program from day one of his administration. This initiative aims to tackle the critical issue of deteriorating road infrastructure across the city and ensure safer and smoother transportation for Vallartans. The Public Works Department has…
Puerto Vallarta Weather Update: October 1, 2024 Residents and visitors in Puerto Vallarta should prepare for a day of cloudy skies, rain, and soaring temperatures on Tuesday, October 1, 2024. According to the latest weather forecast, the city will experience a variety of weather conditions throughout the day, including high humidity, warm winds, and a 100% chance of rain in the afternoon…
Luis Ernesto Munguía González Sworn in as Mayor of Puerto Vallarta: Pledges to Restore the City’s Shine Puerto Vallarta, Jalisco - On Monday morning, Puerto Vallarta welcomed its new mayor, Luis Ernesto Munguía González, who officially took office in a solemn session of the City Council. At precisely 8:42 a.m., Munguía was sworn in, marking the beginning of his administration. Addressing the council and the city, Munguía declared, “Today, a new history…