LatinNews Daily - 11 October 2021

In brief: Mexican peso weakens

* Mexico’s peso traded at around M$20.71/US$1 at the close of day in local financial markets on 8 October, down from M$20.42/US$1 a week earlier. Economists such as Gabriela Siller, the head of economic and financial analysis at Banco Base, a Mexican private bank, point out that this marks the fourth consecutive week that the peso has depreciated. Analysts link the peso’s depreciation to inflation concerns following the latest official figures for September which showed a continued rise in inflation, as well as government policies perceived as market unfriendly such as the electricity sector reform which was recently sent to congress.

End of preview - This article contains approximately 108 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

LatinNews
Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
Contact
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.