Mexican peso reaches 9-year high vs US dollar, impacting binational economy and tourism.
The Mexican peso reached its strongest level against the US dollar in almost nine years, at 16.44. The US dollar's loss of value against other currencies is due to a high volume of dollars in circulation. This "super peso" has led to negative impacts on the binational economy, causing a growing trade deficit between Mexico and the US, and difficulties for tourists visiting Mexico.
April 11, 2024
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