The peso closed the week with an appreciation of 2.25% or 46.2 cents, trading around 20.11 pesos per dollar, touching a minimum of 20.0742 and a maximum of 20.5158 pesos. The exchange rate performance during the week was lateral, with no clear trend being observed. From a technical
The United States Chamber of Commerce (USCC) opined that the reform and addition to various provisions of the Electricity Industry Law could violate Mexico’s commitments in the Agreement between Mexico, the United States and Canada (T-MEC). The USCC also considered that this same initiative could create a monopoly
SilverCrest Metals approved the construction of a new gold and silver mine in Mexico. The mine will be located at the Las Chispas Property, which consists of 28 concessions, is 100% owned by the company and is located in the state of Sonora. The Feasibility Study estimates initial
The Gross Fixed Investment of Mexico accumulated 22 consecutive falls in November 2020 at an annual rate, informed the Inegi this Friday. In year-on-year terms, Gross Fixed Investment showed a contraction of 11.3% in November. Within it, total machinery and equipment expenses decreased 14.1% and in Construction they
Exports of products from Mexico to the United States presented a fall of 9.1% year-on-year, to 325,394 million dollars, the Commerce Department reported this Friday. Mexico sells a wide variety of durable goods to the US market, such as cars, televisions, stoves, refrigerators, trucks, and recreational vehicles. Several
The peso begins the session with an appreciation of 0.40% or 8.2 cents, trading around 20.31 pesos per dollar, with the exchange rate touching a minimum of 20.2911 and a maximum of 20.4233 pesos per dollar. This is due to the fact that the US dollar slowed its