Peso Punches Below 17 to the US Dollar for the Second Time in a Week
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7 Articles
The exchange rate broke the floor of the 17 pesos per dollar in the international market (Forex) and closed this Wednesday at 16.95 units, a level not seen in more than two years. The Mexican peso advanced driven by a global decline of the dollar, on a day in which the minutes of the most recent monetary policy meeting of the Federal Reserve (Fed) were published, which explained that "many" of its officials believe that the agency will have to r…
Peso punches below 17 to the US dollar for the second time in a week
Buoyed by a weaker greenback, the Mexican peso appreciated on Wednesday morning to trade below 17 to the US dollar. At midday Mexico City time, the USD:MXN exchange rate was 16.97, according to Bloomberg. Earlier on Wednesday, the peso reached 16.95 to the dollar, its strongest position since June 2024. Compared to the Bank of Mexico’s closing USD:MXN rate of 17.06 on Tuesday, the peso appreciated 0.65% to reach 16.95 to the dollar. Gabriela Sil…
The dollar depreciated and closed below 17 pesos in the international market, at 16,9450 units, a level not seen in more than two years.
The dollar weakens against the Mexican peso, while the Bitcoin shows a strong rise of almost maximum in 3 months; exchange rate today in Mexico.
The Mexican peso broke the barrier of 17 units per dollar this Wednesday and quoted at 16.9544 pesos , with an appreciation of about 0.65% against the US currency, according to market data of 9:31 hours in New York. The movement deepens the levels not observed since mid-2024 and confirms the good moment that the Mexican currency goes through, driven mainly by the international weakness of the dollar and by carry trade operations that take advant…
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