The Mexican peso continues to plummet against the American dollar. After reaching an exchange rate of almost 20 pesos per $1 USD in February, prices stabilized for a short period, coming down to 16 pesos per $1 USD, but now the price has come up to 19 pesos again.
Dollar prices in banks are now at 19.05 pesos and it could very easily increase, says Mexican bank Banamex.
This "wave" of high-risk asset selling is extending with particular force for the third time in a row, just before a central bank summit that will involve the U.S., the U.K., and Japan.
Market shareholders are afraid of a "polling war" that points to a close call during the next EU referendum on June 23, where the U.K. will vote to leave or remain in the EU, also known as the "Brexit" referendum.
The international market index used to monitor dollar prices is down 0.18%, following the bonus market plummeting in the U.S.
The American 10-Year Indexed Annuity Rates (Bonus), one of the most sought upon during economic hardships, is now at 1.637%, its lowest during 2016.
Via El Financiero
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