Mexico’s peso traded sharply weaker on early Friday June 24, briefly setting an all-time low after Britain voted to leave the European Union and sent shock waves through global markets.
The peso, one of most liquid emerging market currencies, was 3.2 percent weaker at 18.805 per dollar after plunging as much as 7.15 percent to 19.5225.
Mexico’s finance ministry was scheduled to hold a news conference at 8:00 AM local time to discuss the so-called Brexit and its anticipated effect on the Mexican economy.
The local peso has slumped about 9 percent against the dollar so far this year.
more recommended stories
Mexico investigates 6 hysterectomies performed on women in a US migrant detention centre
Mexico is investigating claims that six.
Walmart’s new $42 million USD distribution center in Chihuahua will serve 58 stores in northern Mexico
Walmart recently opened a new omnichannel.
Man goes berserk and starts beating up elderly woman in a Campeche church (VIDEO)
CAMPECHE (September 23, 2020).- In an.
Germany confirms cases of swine fever in wild boar
HAMBURG (Reuters) – A further three.
Pablo Escobar’s nephew finds 17 million USD cash hidden in wall of drug lord’s house
Pablo Escobar’s nephew said he has.
8,900 students cannot enter university this year in Yucatan
MÉRIDA, YUCATAN (September 24, 2020).- More.
Mérida Centro gets an “extreme makeover”
Mérida, Yucatán (September 23, 2020).- The.
The peso begins the session with.
Police brutality in Mérida? (VIDEO)
An alleged 11-year-old girl was arrested.
Mexico Automotive Industry to surpass USD 40 Billion by 2024
Sep 21, 2020 (Market Insight Reports).