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Mexican Peso MXN

 

Detailed information and fundamental factors

Central Bank: Bank of Mexico

Interest Rate: 8.25%

Public Debt to GDP Ratio, 2017: 51.5%

Trade Balance, 2017: -$10.8 bln.

Inflation, 2017: 5.9%

Sovereign Credit Ratings:

Fitch
BBB
Stable
Moody's
A3
Negative
S&P
BBB+
Negative

Supporting Factors

High-yielding interest rates

weak

Factors of Weakness

High-risk emerging economy

medium

The Mexican peso is the currency of Mexico, while it has also limited use in border areas of the United States. The modern version of the currency was introduced in 1993, replacing the old currency that had faced a massive devaluation. Mexico’s peso is the most-traded currency in Latin America. The Mexican economy is export oriented. Most of the country’s exports go to the United States and Canada.



Mexican Peso News Archive

Mexican Peso Resilient Despite Central Bank’s Minutes, Declining Industrial Production

The Mexican peso was relatively stable today despite dovish monetary policy meeting minutes of the nation’s central bank and unfavorable domestic macroeconomic data. Political turmoil was also putting pressure on the currency, which was surprisingly resilient during the current trading session.

USD/MXN Surges After Mexican Finance Minister Resigns

The Mexican peso sank versus the US dollar today amid political turmoil caused by the surprise resignation of Mexico’s finance minister. Nation’s consumer inflation slowed a bit last month but was not bad overall.

Mexican Peso Gains on US Dollar Ahead of Central Bank’s Meeting

The Mexican peso gained on the US dollar today ahead of tomorrow’s monetary policy meeting of Mexico’s central bank.

Mexican Peso Trades Sharply Higher After Trade Starts

The Mexican peso traded sharply higher today after Monday’s trade started. The currency gained on the news that the United States and Mexico managed to reach a deal that will allow to avoid a tariff war.

Peso Sinks After Trump Targets Mexico with Tariffs

The Mexican peso tanked today, logging huge losses, after US President Donald Trump signaled that Mexico will be another target for US trade wars.

Mexican Peso Weakens Despite Nearing Repeal of US Steel Tariffs

The Mexican peso is weakening against several major currencies toward the end of the trading week. Despite senior officials claiming that they are close to striking a deal that would see the US repeal its tariffs on steel and aluminum from Mexico, the peso was unable to take advantage. This could show that traders are more concerned about its fledgling economy and the political turmoil that has unfolded […]

Mexican Peso Weakens As Economy Contracts In Q1, AMLO Dismisses Concerns

The Mexican peso weakened against a basket of currencies towards the end of the trading week after the economy contracted in the first quarter. Despite the deceleration across the country, the peso is still one of the best performing currencies so far this year. Could it hold up after a plethora of forecasts suggest the Mexican economy is in store for a rough period?

Mexican Peso Strengthens Amid Trump’s Border Shutdown Threat

The Mexican peso is rising against several currencies at the end of the trading week. The peso’s recent rally comes as President Donald Trump threatened to close the border, a move that many have estimated would cost both countries billions of dollars in lost commerce. On the domestic front, the federal government plans to curb spending amid slower economic growth and falling crude oil production, leaving financial analysts with the impression that the country […]

Mexican Peso Weakens on Trump Border Threat, Incoming Government

The Mexican peso weakened against its American counterpart at the end of the trading week. The peso tumbled after President Donald Trump threatened to close the US-Mexico border. The currency is also struggling to rally as the nation’s incoming leftist government will soon come to power.

Mexican Peso Rallies on New USMCA Trade Deal After Strong Q3 Performance

The Mexican peso is rallying on Monday after the US, Canada, and Mexico announced a new trilateral trade agreement called the USMCA, abandoning the North American Free Trade Agreement (NAFTA) term. The peso’s strong performance to kick off the trading week comes after recording an admirable third-quarter performance among emerging-market currencies.

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