US Dollar Continues To Lose Purchasing Power Against Mexican Peso
In a new set of developments, the US dollar is losing its purchasing power to a new contender. The Mexican peso is now rising rapidly in terms of valuation, challenging the USD in a novel manner. The US dollar has depreciated significantly in the last two decades. Per historical statistics, the USD’s purchasing power has decreased by 90% since its inception, driving its value to hit new valuation lows. Also Read: Currency: What’s Happening With the US Dollar and Mexican Peso? Mexican Peso: The New King? Source: bergerpaints.com The US dollar is weakening amid rising inflationary pressure and mounting debt ratio metrics. Amidst the chaos, the calls for de-dollarization have been further intensified, giving regional currencies a chance to rise above the occasion. Capitalizing on the current USD prospects, the Mexican peso is now rising in value, giving stiff competition to the dollar’s supremacy. Per a new NBC San Diego report, funds sent from the U...