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Business

Daily Exchange: Dollar Drops to 18.41 pesos

The dollar has been losing ground in recent weeks against currencies of emerging economies all over the world

The U.S. dollar was sold at 19.15 pesos at market close on Thursday, Aug. 18, 2016
By The News Whatsapp Twitter Facebook Share
1 year ago

The dollar lost seven centavos Thursday to close at a selling price of 18.41 pesos at Mexico City banks. The dollar was purchased for 17.61 pesos.

The euro gained three centavos to close at 20.82, while the yen and pound were sold at 0.199 pesos and 24.12 pesos, respectively.

Mexico’s central bank (Banxico) set the official exchange rate at 18.0832 pesos per dollar.

Analysts from CI Bank told a Mexican news agency that currencies of emerging economies all over the world are gaining ground against the dollar, related to the U.S. Federal Reserve’s decision not to raise interest rates.

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