BUSINESSJun 12 · 17:23 UTCMEXICO NEWS DAILYMND Staff

Peso nears its best rate of 2026 as US-Iran tensions ease

The Mexican peso strengthened to 17.20 per US dollar as tensions between the US and Iran eased following President Trump's comments. The peso's rebound coincided with a 3.33% rise in the Mexican Stock Exchange (BMV) and improved risk appetite due to progress in Middle East negotiations and expectations of US Federal Reserve rate cuts.

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Mentioned

Donald TrumppersonGrupo MonexorganizationGabriela SillerpersonBanco BaseorganizationMexican Stock ExchangeorganizationS&P/BMV IPCorganizationUS Federal ReserveorganizationColombiaplace

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