Mexican Peso Closes May with Slight Losses

The Mexican peso ended the month of May with slight losses after stabilizing following the announcement of an agreement between the United States and Iran to extend the ceasefire in the Middle East. The exchange rate found balance as regional tensions eased.

Markets found a supportive environment for the peso as geopolitical risks diminished. However, minor depreciation against the dollar was observed toward the end of the month.

Economists noted that they will continue monitoring the impact of global developments on the currency in the coming weeks.