Staff of Reuters Read for 1 minute Reuters, MEXICO CITY, July 9 – Mexico’s Finance Minister, Arturo Herrera, stated on Friday that he believed the peso will settle at about 20 pesos to the dollar. “It’s now less than 20 pesos to the dollar… We’re hoping for a level of stability around that “In an interview with Bloomberg TV on the margins of the G20 meeting in Venice, Italy, Herrera stated. At lunchtime on Friday, the peso was trading at roughly 19.86 to the dollar. Herrera has been chosen by President Andres Manuel Lopez Obrador to succeed Alejandro Diaz de Leon as governor of Mexico’s central bank when his term expires in 2021. The Senate must yet approve the appointment. (Anthony Esposito contributed reporting, and Aurora Ellis edited the piece.)/n
Read More
