Mexico’s Peso Plummets
Mexico’s Peso Plummets

Mexico’s Peso Plummets

Mexico’s Peso Plummets

Mexico’s beleaguered peso slid to a record low over 21 pesos per dollar, then bounced back to around 20.72 in a volatile session, still pressured by Donald Trump’s shock US election win, TVC News reported. The peso has become a lightning rod for market anxiety due to fears about the future of Mexican-US trade relations. Trump has vowed to build a border wall between Mexico and the United States, and threatened to rip up the North American Free Trade Agreement. After weakening nearly 4% overnight, the peso pared losses later on Friday. Trump’s presidential win has smashed Mexican assets, which are still reeling after his surprise victory on November 8. 


Short URL : https://goo.gl/uzH5Qx
  1. https://goo.gl/kqBrTP
  • https://goo.gl/eMfglR
  • https://goo.gl/7ppLzm
  • https://goo.gl/3GtDCX
  • https://goo.gl/uvTQcV

You can also read ...

An expanding trade war threatens to squeeze incomes.
The untold story of the world economy—so far at least—is the...
Asian Stocks Retreat, European Shares Mixed
Asian stocks closed lower on Monday as investors digested the...
PwC Says Australian Firms Deliberately Going Broke
Companies that deliberately fail are costing the Australian...
Chinese Premier Li Keqiang (C) shakes hands with Jean-Claude Juncker (L) and Donald Tusk after the meeting in Beijing on Monday.
China could open its economy if it wished, European Commission...
Experts Say China Can Cope With Uncertain H2
China is confident it can cope with a more uncertain second...
Global Growth Peaks With a Whimper
It wasn’t runaway inflation or a financial implosion. The...
Russia has been seeking ways of decreasing dependence  on the US currency.
One of Russia’s largest banks, VTB is seeking to decrease the...
Turkey Budget Deficit Expands
Turkey’s central government budget balance recorded a deficit...

Add new comment

Read our comment policy before posting your viewpoints