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Mexican peso weakens against the dollar, while the economy shows slight decline

Summary by larepublica.co

The gross domestic product of Mexico showed a quarterly decline of 0.6% at the end of last year, with no changes compared to what had been predicted

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El Economista

Mexican peso falls against the dollar after weak figures of the local economy

The Mexican peso depreciates the morning of this Friday.The local currency loses ground and aims to finish a week of accumulated losses, after it has been confirmed that the Gross Domestic Product (GDP) contracted in the last quarter of last year.The exchange rate spot is located at the level of 20,3324 units per dollar. Compared to 20,3129 units in yesterday's official closure of the Bank of Mexico (Banxico), it means a setback for the weight o…

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