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(Bloomberg) -- Mexico’s president-elect was set to inherit the world’s top performing currency. Instead she’s confronting a historic slump in the peso that’s casting a pall over her early days in leadership.Most Read from BloombergHunter Biden Convicted of Gun Charges by Jury in DelawareApple Hits Record After Introducing ‘AI for the Rest of Us’Dozens of CVS Generic Drug Recalls Expose Link to Tainted FactoriesPimco Warns of More Regional Bank Failures on Property PainStocks Rise as Solid Treasu

The peso opened the month of August at 16.74 to the US dollar and closed at 17.05, depreciating 1.86%, and weakened again to 17.10 on Friday.

U.S. Core Inflation May Have Turned a Corner; Mexico's Benchmark Rate Will Be on Hold for a While By James Christie Good day. Welcome news for those who see a case for the Federal Reserve... -August 11, 2023 at 07:16 am- MarketScreener

Bond investors aren’t in a forgiving mood right now. Not with inflation soaring across the globe and eating into the value of their investments.

Natixis CII mid-year survey of 34 experts show that nearly one-quarter believe recession is inevitable while another 64% see recession as a distinct possibility over the next six months.