Experts say Mexican peso may lose solid gains in 2023

World Today

Experts say Mexican peso may lose solid gains in 2023

As the U.S. dollar remains strong compared to other global currencies, America’s southern neighbor is also seeing its currency strengthen.

Indeed, Mexico’s peso has made gains against the ‘greenback’ for over a year.

Still, there are concerns the peso may struggle to maintain its strength going forward, hinging not only on the health of the Mexican economy, but on that of the U.S. as well.

Alasdair Baverstock reports.