Mexican peso falls sharply vs US Dollar this week
Posted on 4th Aug 2023
The Mexican peso, which had been riding a wave of growth in recent months, is now encountering headwinds as a result of the turmoil on the world markets. This week, the currency fell sharply by 4% against the US dollar, outperforming other significant currencies in the region including the Colombian...
Latin American currencies showcased a mixed performance on Monday, with several countries celebrating gains
Posted on 25th Jul 2023
Latin American currencies showcased a mixed performance on Monday, with several countries celebrating gains while Argentina's peso faced headwinds. The region's currency markets experienced heightened volatility as traders eagerly awaited central bank decisions from economic powerhouses such as Japa...
Super Peso keeps surprising financial experts
Posted on 19th Jul 2023
MEXICO CITY- The Mexican peso started the week last Wednesday at its highest level since 2015, closing at 16.85 units per US dollar, a manifestation of the "superpeso" phenomenon.
"The peso continues to strengthen, and wages are becoming more attainable. The exchange rate is at 16.85 to the dolla...
Mexican peso weakens in light of strong US payroll report
Posted on 7th Jul 2023
After reaching its highest level against the US dollar in over eight years on Wednesday, the Mexican peso fell on Thursday morning.
According to Bloomberg, at 12 p.m. Mexico City time, one dollar was equivalent to 17.30 pesos.
In an ADP Research Institute's study on American incomes, June's nu...
The Mexican financial system continues to be resilient.
Posted on 30th Jun 2023
The global economy has been recovering, even though projections for 2023 point to a slowing of growth rates compared to the previous year. Global inflation continued to decline, primarily as a result of lower pressures on food and energy prices and, in a lesser degree, due to a rather modest easing...