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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Mexican Inflation Keeps Rising, while Peso Loses Strength
By THE PULSE NEWS MEXICO STAFF Inflation in Mexico reached a record 6 percent in September, its highest level since April 2021, the National Institute of Statistics and Geography (Inegi) reported on Thursday, Oct. 7. The rise in the National Consumer Price Index (INPC) was mainloy due to increases in food and energy prices. According to Inegi, inflation in Mexico
Read morePeso 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 Coverage Stops Peso, Oil Skids The Mexican government took several emergency measures to contain the downslide of the peso against the U.S. dollar over the weekend. The peso that got wobbled with a jaw punch but did not hit the canvas. It just showed shaky knees. Both the Central Bank of Mexico (Banxico) and the Treasury Secretariat
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By RICARDO CASTILLO LeBarón Case Falls in Fiscal’s Lap The Fiscal General of the Republic (FGR) has under its aegis “total control” over information regarding the murder of six children and three women in northern Mexico last Nov. 4, all of them members of the Mormon binational LeBarón family. Mexican Interior Secretary (SeGob) Olga Sánchez Cordero made the official announcement
Read moreMexican Peso Strong, That’s Not Necessarily a Good Thing
By THÉRÈSE MARGOLIS Every time the Big Three international rating agencies downgrade the country or it’s state-run oil venture, Petróleos Mexicanos (Pemex), Mexican President Andrés Manuel López Obrador (AMLO) proudly points to the fact that the peso is doing well against the U.S. dollar, with a parity now below 19 to 1. And in most financial universes, a strong currency
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