The Mexican peso appreciated against the US dollar for the third consecutive day, driven by reduced market nervousness about the US economy and a recent cut in local interest rates. This movement resulted in a notable weekly gain for the peso.
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Bye Superpeso: Mexican Peso At Lowest Level in Two Years The Mexican peso experienced a significant decline on Monday morning, leading losses among global currencies. This drop was influenced by growing investor concerns over a potential recession in the United States, which could be exacerbated by a delayed rate cut from the Federal Reserve. The exchange rate for the Mexican peso stands at 19.6548 units…
Superpeso Loses: Mexican Peso Continues Another Day of Loses The Mexican peso continued its downward trajectory against the U.S. dollar on Tuesday, marking a volatile trading session fueled by ongoing concerns about the United States’ economic outlook and the potential for an impending recession. According to data from the Bank of Mexico (Banxico), the exchange rate closed at 19.5257 pesos per dollar, reflecting a…
Superpeso: Peso Depreciation Increases Financial Cost of Mexican Debt by Billions In recent days, the depreciation of the Mexican peso against the U.S. dollar has significantly impacted the financial landscape, particularly concerning Mexico’s national debt. According to estimates by the Ministry of Finance and Public Credit (SHCP), the financial cost of the Mexican debt, including interest payments and related services, increases by 2.8 billion pesos for…
Superpeso Gains: Mexican Peso Gains Ground Against The Dollar; Awaiting Bank of Mexico Announcement Puerto Vallarta, Mexico – The Mexican peso opened trading on Thursday with an appreciation of 0.72%, positioning it at 19.14 pesos per dollar in international markets. This rise, which marks a gain of 14 cents compared to the previous day, occurs amidst a backdrop of market volatility during the overnight session, characterized by a downward…
Civil Protection Continues to Monitor Puerto Vallarta’s Most Toxic Beach In a recent assessment by the Federal Commission for the Protection Against Sanitary Risks (Cofepris), Oasis Beach, also known as Holi Beach, in Puerto Vallarta, has been declared unsuitable for recreational activities. This decision comes after the beach was found to contain enterococcus bacteria levels ten times higher than the permissible limit of 200 particles…
Superpeso With Modest Gains: Mexican Peso Rebounds Following Bank of Japan’s Interest Rate Announcement The Mexican peso is advancing after four consecutive days of losses, driven by recent comments from a Japanese central bank official who downplayed the likelihood of further interest rate hikes in the near term. This has led to a recovery in the peso, easing concerns among investors about the stability of carry trades involving the…
Puerto Vallarta’s Proposed Nightlife Regulation for the Romantic Zone Sparks Confusion Puerto Vallarta, the premier beach destination in Jalisco and one of Mexico’s most renowned vacation spots, is at the center of a brewing controversy. Known for its vibrant nightlife, particularly in areas like the Malecón and the Romantic Zone south of the city, Puerto Vallarta draws countless visitors to its bustling bars, restaurants, and clubs.…
Mexico’s Child Trafficking Route Runs Through The Puerto Vallarta Airport Puerto Vallarta, renowned for its vibrant tourist attractions, is currently grappling with a grave issue as it seemingly becomes a conduit for the illegal trafficking of minors. Recent reports indicate at least two documented cases within the past 15 days at the International Airport, with speculation that the number could be as high as four,…
Interim Mayor Martínez Gil Meets with Romantic Zone Association to Address Community Concerns Puerto Vallarta, Mexico – On Thursday, interim mayor Francisco José Martínez Gil engaged in a crucial meeting with the neighborhood association of the Romantic Zone in the Emiliano Zapata neighborhood, Puerto Vallarta. The gathering included key stakeholders such as business owners, hoteliers, restaurateurs, and merchants, aiming to forge collaborative solutions for the challenges faced by…
Three Storms Develop in the Pacific: Hurricane Carlotta, Tropical Storm Daniel, and Tropical Depression on the Horizon Puerto Vallarta, Mexico – The Pacific hurricane season, which began slowly this year, has suddenly intensified with the emergence of three storm systems off the coast of Mexico. As August begins, the National Hurricane Center is monitoring Hurricane Carlotta, Tropical Storm Daniel, and a tropical depression, all situated in the Pacific Ocean. These storms are…
