Live Forex news from all over the world.
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.
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.
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.
The Mexican peso is rallying against its American counterpart on Monday after officials announced a new US-Mexico trade agreement that would scrap the North American Free Trade Agreement (NAFTA) name because of “bad connotations.” The two nations will now wait to see if Canada will agree to a bilateral pact with Washington.
The Mexican peso slipped a bit against the US dollar during the American trading session after Mexico’s central bank raised its overnight interbank funding rate.
The Mexican peso dropped against the US dollar on Monday to begin the week on a negative note. The peso weakened following a data release that revealed weaker inflation than expected in the southern neighbor of the United States.
The Mexican peso climbed today, rising against the US dollar to the highest level since November 9, the day when Donald Trump won the US presidential elections, leading to massive losses for Mexico’s currency.
The Mexican peso rose together with other Latin American currencies against the US dollar after US wage growth disappointed markets. The peso was surprisingly firm lately despite all the negative implications the Donald Trump’s presidency has for Mexico’s economy and currency.
The Mexican peso climbed against the US dollar even though the same uncertainties about US international relations that plague the greenback should have been detrimental for Mexico’s currency as well.
The Mexican peso traded a bit higher against the US dollar following Thursday’s decision of the Mexican central bank to hike interest rates.
The recent slump of the Mexican peso, which followed the unexpected outcome of the US presidential elections prompted the central bank of Mexico to raise interest rates yesterday. But that did not help the currency much, and it continued its drop today.
