Mexican Peso Reaches Strongest Level Against Dollar Since 2015
Despite the current strength of the peso, the Bank of Mexico predicts the peso-to-dollar exchange rate will rise above 18 to 1 by the end of the calendar year
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Despite the current strength of the peso, the Bank of Mexico predicts the peso-to-dollar exchange rate will rise above 18 to 1 by the end of the calendar year
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In Mexico, Fitch predicted that Banxico will have to continue raising rates, since the fight against inflation is still far from over
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By RICARDO CASTILLO Reverse Remittances While the Central Bank of Mexico has already begun whining about the potential drop in dollar-denominated remittances from the roughly 36 million Mexican workers in the United States, down to $29 billion in 2020, its U.S. counterpart, the Federal Reserve (Fed) is reporting that as of last January and through Thursday, April 2, Mexican investors
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