Weekly Currency Update: Mexican Peso

The Mexican Peso is currently trading at $12.96 MXN = $ 1 USD. 

Some events that affected the economy/business environment:

-Sales of existing homes in the United States fell sharply last month

-Mexican retail sales rose 1.5% in June (year over year)

-Slowing US Economy will curb demand for exports from Mexico

-Mexican's tourism sector is starting to see a comeback (35% increase in international passenger traffic in June)