Dollar hits 17.33 pesos as Middle East war fuels safe-haven demand
Mexico City — The U.S. dollar gained 0.69% against the Mexican peso on Saturday, with the interbank exchange rate reaching 17.33 pesos per dollar, according to Bloomberg data.
The peso weakened significantly during Friday’s trading session, ranking as the fourth worst-performing emerging-market currency against the dollar, according to an analysis by Monex.
The dollar strengthened as investors tempered expectations for a quick resolution to the Middle East conflict, reducing their exposure to riskier assets.
Bank Exchange Rates
Here are the dollar buying and selling rates at major Mexican banks on Saturday:
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