According to international news agency Reuters, expectations that the U.S. Federal Reserve could raise interest rates sooner than expected have been the main factor weakening the Mexican peso in recent days, the country’s finance minister said on Tuesday August 30.
Mexico’s peso shed around 1 percent on Tuesday, sliding for a third day in a row.
Latin American currencies weakened on Tuesday August 30, after comments by a high-ranking Fed policymaker.
Finance Minister Luis Videgaray, speaking on local radio, also said the government’s oil revenues would account for 15-16 percent of total income in 2016, down from 19 percent last year.
(Reporting by Michael O’Boyle for Reuters)
more recommended stories
PROFEPA seizes wild animals in Motul, Yucatán
During an inspection visit in response.
In press release, CONAGUA discards versions of “water privatization” in Mexico
The ten Water Reserve Decrees published.
Campeche shows the highest growth in FDI at national level
Campeche was the entity that grew.
FIFA opened investigation against Mexico for “homophobic” behavior during World Cup
FIFA decided to open a disciplinary.
11 year-old girl will represent Yucatan at World Mathematics Olympiad in Bulgaria
To get to Molas you have.
Mérida attracts Chinese business sector attention
A delegation of the municipal government.
Yucatán national leader in avant garde technological solutions
Scientific staff will learn to market.
Fake photo brings out real issues
Social media users began circulating a.
As he continues leading the polls, AMLO has surrounded himself with mainstream economists
Mexican front runner presidential candidate Andrés.
Rate President Donald Trump’s Job Performance
Newsmax.com, America’s leading independent news service,.