utilitus Posted September 23, 2020 Report Share Posted September 23, 2020 The peso (MXN) has fallen about 7% in value against the US dollar (USD) over the last four days as optimism about economies worldwide fades. It currently trades at about 22.38 pesos to the dollar on forex.com. Quote Link to comment Share on other sites More sharing options...
tomgates Posted September 23, 2020 Report Share Posted September 23, 2020 Great time for major purchases! Quote Link to comment Share on other sites More sharing options...
thevalerieleigh Posted September 24, 2020 Report Share Posted September 24, 2020 Thanks for the update! Val Quote Link to comment Share on other sites More sharing options...
utilitus Posted September 24, 2020 Author Report Share Posted September 24, 2020 Over the last seven hours, the peso has gained back almost 3% against the USD. The Banco de Mexico cut rates to 4.25% from 4.50%. This was a generally expected move. Of course, this being forex, it was front run and the peso counter-intuitively rose while earning less interest. Quote Link to comment Share on other sites More sharing options...
RickS Posted September 24, 2020 Report Share Posted September 24, 2020 Oops... forget that major purchase. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.