Business · Markets · 1 hr ago

Mexican peso falls 0.50% at start of Asian trading

Mexican peso falls 0.50% at start of Asian trading

The Mexican peso fell 0.50% at the start of international trading in Asia, reaching 18.7529 per US dollar.

That extended a seven-week run of losses, with the peso down 0.84% over the latest week and 11.02% across the full stretch through Sunday’s electronic trading.

The move came after the peso gained 0.28% on Friday, closing at 18.6601 per dollar, according to Mexico’s central bank.

The last time the peso lost ground for seven consecutive weeks was in 2019, when its decline over that period was 5.50%.

The peso is down 3.62% so far this year, despite having gained as much as 6.20% earlier in the year.

The figures show the peso has lost ground against the US dollar, but no next step or forecast is given.

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