18 Hrs
Source:
EL PAÍS
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.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)