April 18, 2017 / 7:49 PM / 8 months ago

Mexico peso moving towards more sustainable rate-minister

MEXICO CITY (Reuters) - After a market overreaction that depressed the peso, the Mexican currency is moving towards a more sustainable long term exchange rate, Mexico’s Economy Minister Ildefonso Guajardo said on Tuesday.

“The peso reflects a clearer market reality, and can move towards a long-term exchange rate that is sustained in a healthy way,” Guajardo said at an event in Mexico City.

Reporting by Sharay Angulo

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