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
Valladolid is awaiting more tourists in the coming months
“Events like the Gastroonomic fair, the.
Real estate sector in Mexico forsees slow growth in 2019
2019 begins and several factors, including.
Don Antonio Marín quintessential Merida’s Master of Ceremonies dies at 85
On Wednesday January 16, 85-year-old professor.
Death toll reaches 85 in HIdalgo’s fuel pipeline fire
TLAHUELILPAN, Mexico (AP) — People in.
Sustainable, self sufficient supply of water for the Tourism Industry in the Yucatan
Water scarcity is growing globally with.
Machinery catches fire in Progreso’s plastics factory
A plastic melting machine caught fire.
Yucatan and New York, united by Jazz
With the aim of spreading rhythms.
Yucatecan child will receive medical attention in the US
A 3 year-old child from the.
Aeroméxico and Aeroflot sign a codeshare agreement
Mexico, January 16 (Notimex).- Aeromexico informed.
Oxford Analytica says closing Pemex pipelines an “unsustainable” way to fight fuel theft
Closing Pemex pipelines is an unsustainable.