The peso started the day on Thursday with a notable depreciation against the dollartrading at 19.95 units per greenback, according to Investing.com.
The above means a 1.57 percent drop compared to Wednesday’s close and a level not seen since October 2022.
The national currency continues to be pressured by the Progress of the reform of the Judicial Branch in the Chamber of Deputieswhich is expected to be approved next week, with the new legislature, CI Banco said in an analysis.
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The financial institution also indicated that the US GDP figure for the second quarter of the year was revised upwards, which somewhat reduces the bets of larger interest rate cuts by the Fed and puts more pressure on the peso.