Mexico peso moving towards more sustainable rate

Peso to move to sustainable long-term exchange rate after overcoming uncertainty

English 18/04/2017 18:07 Mexico City Newsroom and Reuters Actualizada 18:09
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After a market overreaction that depressed the peso, the Mexican currency is moving towards a more sustainable long-term exchange rate, Mexico's Economy Minister Ildefonso Guajardo said on Tuesday.

"The peso reflects a clearer market reality, and can move towards a long-term exchange rate that is sustained in a healthy way," Guajardo said at an event in Mexico City.

Guajardo's statement comes as a reassuring message for both the Mexican economy scenario as well as for potential international direct investment sectors.


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