Peso Loses Ground against Dollar after U.S. Financial Shakeup
The peso slid dramatically in early trading by more than 3.5 percent against the dollar because of traders fearing market contagion from the U.S. bank collapses
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Peso Registers Worst Week Since September
By THE PULSE NEWS MEXICO STAFF The Mexico peso ended the month of January with its worst weekly drop in value against the U.S. dollar since September of last year. According to the Central Bank of Mexico (Banxico), the nation’s currency depreciated by 1.24 percent on Friday, Jan. 29, to a bank exchange rate of 20.44 units to the dollar.
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By RICARDO CASTILLO Private Hospital Expropriations Mexican President Andrés Manuel López Obrador (AMLO) published an executive order on Friday, March 27, awarding the federal government the right to “make use of all medical sectors, public, social and private, in the regions affected by the Covid-19 pandemic.” In short, private hospitals may be privatized for pandemic use only. The decree, published
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By RICARDO CASTILLO Corona “Beerus” Brewery Nixed at Border A poll carried out by Mexico’s Interior Secretariat (SeGob) over the past weekend (Saturday, March 21, and Sunday, March 22) resulted in an overwhelming vote against the establishment of Corona beer manufacturer Constellation Brands mega-brewery in the Mexican border city of Mexicali, on the Mexican side of Calexico and Imperial Valley,
Read morePeso-Dollar Parity Hits Record High
By THE PULSE NEWS MEXICO STAFF At 6 a.m. Tuesday, March 17, the Mexican peso was trading at an unprecedented 23.24 to the U.S. dollar. Notwithstanding, the peso recovered about .26 percent of its value by 8 a.m., to trade at 22.82 per dollar. The Mexican peso has been sorely effected by the mounting global coronavirus crisis and the drop
Read moreMexican Airport Project Back on…For Now…Maybe
By THÉRÈSE MARGOLIS After ranting and raving throughout most of his campaign and the five months after his July 1 landslide leading up to his Dec. 1 inauguration, about the imperative need to cancel a half-built international airport on the lakebed of Texcoco, in the State of Mexico (Edoméx) to serve Mexico City’s over-extended Benito Juárez International Airport (not to mention holding
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