US EditionA strong peso, a weaker dollar: Who wins and who loses at the border
2 Articles
2 Articles
A strong peso, a weaker dollar: Who wins and who loses at the border
MCALLEN, Texas (ValleyCentral) — The Mexican peso has reached its strongest level in nearly two years, trading at around 17 pesos per U.S. dollar, and the shift is beginning to reshape consumer behavior and business activity across the Rio Grande Valley. Just a year ago, one U.S. dollar was worth more than 20 pesos. Today, [...]
The so-called ‘superweight’ returned to public discussion as one of the arguments of those who defend the solidity of the Mexican economy. However, the exchange rate against the dollar responds to a phenomenon of greater scope than what happens only in Mexico.During the last year, the dollar lost ground against several currencies.In particular, against the Mexican peso the fall was 16 percent.What is causing the ‘superweight’? Enrique Quintana, …
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