The Mexican peso broke a new barrier on Wednesday by trading at 17.31 units per dollar, a level not seen since May 2016. The currency started the session with an appreciation of 0.42%, equivalent to 7.2 cents.

The good pace of the Mexican currency continues, now, in the expectation that the Federal Reserve will pause in the rate hike at its next monetary policy meeting. The greatest influence of the appreciation of the national currency, has been the weakness of the Turkish lira which has lost more than 15% since the re-election.