The Mexican peso is considered one of the 15 most traded currencies in the world, as well as a safe-haven asset during times of geopolitical and economic tension.
After gaining ground against the US dollar, the peso has retreated in recent weeks. Yesterday, Wednesday, April 24, the Mexican currency fell by 0.64 percent, closing the day at 17.07 units per dollar, according to data from the Bank of Mexico.
The local currency lost ground, reversing its initial gains, in the face of a strengthening US dollar following the publication of inflation figures with a result of 4.63 percent, above what analysts had expected.
