Finance Minister Luis Videgaray (Google)
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)
Comments
more recommended stories
Quintana Roo’s coral reefs in state of alertDeterioriation of coral reefs will seriously.
Start-up Games México: A Global Entrepreneur ProgrammeThe spokespersons of fifty independent businesses.
Huachicol in Yucatan! 80,000 liters of gasoline were seized near MéridaIn a joint operation between authorities,.
Death toll in Mexico gasoline pipeline blast climbs to 94TLAHUELIPAN HIDALGO (Reuters) – The number.
Valladolid is awaiting more tourists in the coming months“Events like the Gastroonomic fair, the.
Real estate sector in Mexico forsees slow growth in 20192019 begins and several factors, including.
Don Antonio Marín quintessential Merida’s Master of Ceremonies dies at 85On Wednesday January 16, 85-year-old professor.
Death toll reaches 85 in HIdalgo’s fuel pipeline fireTLAHUELILPAN, Mexico (AP) — People in.
Sustainable, self sufficient supply of water for the Tourism Industry in the YucatanWater scarcity is growing globally with.
Machinery catches fire in Progreso’s plastics factoryA plastic melting machine caught fire.
Leave a Comment