57095
Trump’s Rhetoric May Boost Travel to Mexico
Trump’s Rhetoric May Boost Travel to Mexico

Trump’s Rhetoric May Boost Travel to Mexico

Trump’s Rhetoric May Boost Travel to Mexico

Only time will tell how US president-elect Donald Trump’s policies will affect the daily lives of Americans. What we can see immediately, however, is how his policies are affecting certain aspects of travel.
With Trump’s election, the Mexican peso has been a notable loser. In the past year (after the presidential campaign began in earnest), the dollar gained 20% against the Mexican peso. American traders have been worried over Trump’s aggressive policies toward their neighbor to the south, Yahoo Finance reported. The incoming president has called for an overhaul of the North American Free Trade Agreement and has famously called for building a wall along the US-Mexico border.
The peso dropped 2% on Wednesday, after the Federal Reserve released minutes from its December meeting. The Fed outlined the possible need to increase interest rates if the economy grows rapidly under Trump. According to Reuters, the peso also took a hit after Ford announced plans to cancel the automaker’s $1.6 billion investment in Central Mexico.
“With this Ford announcement, markets are clearly seeing the risk of protectionist measures toward Mexico,” said Juan Carlos Alderete, a strategist at Banorte-IXE.
Tensions are high on the economic front, but the silver lining for American consumers is that a weaker peso means travel to Mexico will be more affordable now.
The value of the Mexican peso has been tumbling against the dollar. In the beginning of 2016, $1 was equal to 17.25 pesos. Today, it fetches over 21 pesos.

Short URL : https://goo.gl/fg7Rqv
  1. https://goo.gl/AnB7DQ
  • https://goo.gl/QlnBtF
  • https://goo.gl/VYgnxE
  • https://goo.gl/W2xiVc
  • https://goo.gl/NBFD5E

You can also read ...

Repurposed vans and motorhomes have popped up on the fringes of the cobblestoned street, serving passersby drinks and food.
Once upon a time Si-e Tir Street in Tehran’s District 12 was...
More than one in 10 jobs were also found to be in tourism in Highland, South Ayrshire and Orkney.
Scottish tourism is worth more than £11 billion ($14.1 billion...
First Women Award in Science
Winners of the first round of Women Awards in Science (WAS) in...
New System for Hospital Appointment
The Social Security Organization has launched a new booking...
Historical Tehran House Razed
A historical house near Tehran's Hassanabad Square has been...
Prices Up  in Municipal Sport Centers
Members of the outgoing Tehran City Council approved on a 10%...
there are 559,243 classrooms in Iran of which 1,700 are unsafe.
In the second phase of a plan to protect schools from hazards...
High Volume of Russian Visas for Iranians
The number of visas issued to Iranians by the Russian Embassy...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus