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
IKEA to open stores in Mexico’s major cities
MEXICO CITY (Reuters) – IKEA is.
Maya children, proud of their roots
A representation of the X-Tabay and.
Yucatán: spearhead in ballistics and criminology
The scientific capabilities of the Yucatan.
Action Plan To Save Mexico’s Dying Caribbean Reef
By Sally Watson The Mexican Caribbean.
AMLO talks US investment with White House senior adviser Jared Kushner
MEXICO CITY (AP) — Mexican President.
Mayan Train Could Cost Up to 10 Times More -IMCO Warns-
Without good planning, this project could.
Mexico falls to seventh place in the ranking of international tourist arrivals
The World Tourism Organization announced the.
The Associated Press appoints Matt Chandler as news director for Latin America
Matt Chandler, a senior news leader.
Mexico’s celebration of the absurd
Every 18th of March, Lázaro Cárdenas.
Fentanyl: the new “cash cow” that is killing the heroin business
Enrique, wearing braces on his teeth and.