August 05, 2024 BY Elizabeth Anderson
Mexican Peso Hits Record Low Against The Greenback
Economists believe that this weakening MXN performance, which typically fluctuates in tandem with USD movements, reflects apprehensions about a sluggish US economy. Risk-averse forex trading saw the greenback gain roughly 4% in the week ending 2 August 2024. Mexico’s latest data indicates a minor rise in unemployment with minimal changes in gross fixed investments during…
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