Peso mexicano alcanza nuevo mínimo
The Mexican peso experienced a significant decline, reaching its worst level since March, due to strengthened US dollar, global interest rate hikes, and geopolitical tensions. The dollar closed at 17.95 pesos, down 1.8%, with September totaling a 5.9% depreciation. Rising US interest rates, a shrinking rate differential, and increased risk aversion contributed to the peso's weakness, with analysts expecting further depreciation toward the end of the year.
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