The Mexican peso had a negative day losing versus most of 16 main traded currencies as the national congress approved new tax regulations that may affect Mexican assets attractiveness, shunning investors from the Latin American nation.
After a series of new taxes approved by the Mexican congress, fears rose that Mexico will be downgraded in investment ratings, speculations which already affected negatively the peso’s outlook today in currency markets, specially versus the U.S. dollar.
USD/MXN traded at 13.32 as of 00:10 GMT from an opening rate of 13.20 this Tuesday.
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