

For the fist time in history, the U.S. dollar broke the 19 peso barrier in banks, due to a small rise in the price of oil.
Thursday morning the trajectory looked good for the Mexican peso, until midday when the peso began to plummet next to the dollar. It fell to a historic maximum of 19.1 pesos per dollar and minimum of 18.6 pesos per dollar.
The dollar rose 1.34 percent, or 24.8 cents against the local currency, a devaluation that implies a new historic exchange rate of 18.78 pesos per dollar.
Despite the U.S. dollar’s rise in the morning, Mexico’s Central Bank (Banxico) did not need to execute any sort of dollar auction in order to maintain the market.
During the fourth session of the week, the exchange rate fluctuated between 18.43 and 18.8 pesos per dollar. The euro varied between 1.07 to 1.09 dollars and between 19.87 and 20.46 pesos.
National Action Party (PAN) and Democratic Revolutionary Party (PRD) representatives told government authorities to leave their optimism aside and to recognize the critical economic situation of the country. Nevertheless, the president of the Public Budget and Accounts Commission and member of the Institutional Revolutionary Party (PRI), Baltazar Hinojosa, said that the government has taken the appropriate measures to confront the situation.
He said that the rise of the dollar should not impact the prices of products.
“We need to remain calm. Obviously this is a moment in which we need to act and I think that the government is acting in the best way possible,” Hinojosa said.
Source: thenews.mx
more recommended stories
Sixth wave of Covid-19 on the rise in Yucatán
In Yucatan, the crest of the.
The San Miguel de Allende municipal administration protects wildlife and the environment
San Miguel de Allende, Gto. Fulfilling.
Woman suffers a heart attack inside a cab in Campeche
State agents as well as medical.
Discover the charm of the Oxman cenote in Valladolid
Oxman Cenote, located at Hacienda San.
The second edition of Yucatan I6 will be held in September
Guests from NASA, international speakers, documentary.
Liborio Vidal strengthens ties with education union organizations
Liborio Vidal Aguilar, “amigo Libo” met.
It’s official! No aggressor in power
ACAPULCO, Gro., May 29, 2023.- The.
Entrepreneurs in Quintana Roo create sandals based on Sargassum
Sargassum continues to be one of.
First hotel for abandoned dogs and cats opens in Mexico City
With the aim of raising awareness.
House raided for a clandestine party where 50 teenagers were detained in Cancun
The FGE secured a property in.
Leave a Comment