MEXICO (Times Media Mexico) – The currency rebounded because President Andres Manuel Lopez Obrador’s messages disappointed market participants; “Bad announcement. What a pity,” tweeted economist Marco Eviedo. Before AMLO’s message, the dollar was selling at 25.09 pesos.
The dollar is shaking the peso on Sunday, as messages from President Andres Manuel Lopez Obrador, disappointed market participants.
In international negotiations, the currency was exchanged for 25.31 units, 1.2% or 29 cents more than at the close of Friday, and was only 15 cents short of the historical maximum of 25.46 pesos in operations reported by the Bloomberg agency during the morning of March 24.
Before the Lopez Obrador conference, the dollar was up 0.3% or seven cents from Friday.
“Lousy announcement. What a shame,“ said Marco Oviedo, chief economist for Barclays Mexico, on his Twitter account after the president’s announcements.
“Not only was no economic recovery plan announced. It was also shown that there is no emergency plan, nor the idea of a fiscal policy to stop the coup. Another opportunity wasted. And so the years go by to make this a better country.” tweeted Valeria Moy, director of the Economic Observatory Mexico ¿como vamos?
The Yucatan Times
Newsroom
Comments
more recommended stories
Local butcher donates 100 kilos of meat every day to support his community in YucatánDue to the COVID-19 health emergency.
Save Big Now for Future Cancun VacationsYou’ve probably closed your eyes and.
Wave of anger shatters cities across the USAMINNEAPOLIS (AP) — Americans began cleaning.
Mayan beekeepers vs. Monsanto and AMLO’s TrainThe company’s illegal agro-industrial practices and.
Protest against AMLO is replicated all around the country.During the highest number of COVID-19.
Merida man lives three days with his dead friend on a hammockMerida Yucatan; (March 27, 2020) .-.
Thunderstorm in northern Yucatan ignites house fire in ProgresoProgreso, Yucatan (May 30, 2020) .-.
Teenager overcomes COVID and is discharged from O’Horan HospitalMérida, Yucatán (May 29, 2020).- After.
With a car caravan, people in Mérida demand AMLO’s resignation (VIDEO)The protest was called for this.
A hurricane could impact Yucatan this year, UADY experts predictYucatan has never been exempt from.
Leave a Comment