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Mexican Peso Experiences Largest Annual Decline Against US Dollar Since 2008

share-iconWednesday, January 01 comment-icon3 weeks ago 9 views
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reutersREUTERS
Mexican Peso Experiences Largest Annual Decline Against US Dollar Since 2008

Credited from: REUTERS

  • Mexico's peso ended the year nearly 23% weaker, closing at 20.82 pesos per U.S. dollar.
  • This marks the currency's biggest annual drop since the 2008 global financial crisis.
  • The peso experienced a volatile year, starting with gains until a downturn following the June elections.
  • The leftist coalition led by the Morena party secured a significant victory, affecting investor confidence.
  • In addition, Mexico's stock index fell nearly 14%, reflecting broader economic challenges.

For more details, visit the original article here.

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Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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