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.
Mexico — News Archive
US Dollar Ends Week Weakest, Has Potential to Recover
June 8, 2019 at 20:26 US Dollar
The US dollar ended the past trading week as the weakest currency on the Forex market. Prospects for an interest rate cut from the Federal Reserve was one of the main themes for talks among investors lately. But the latest developments in the trade war saga may change things.
Peso Sinks After Trump Targets Mexico with Tariffs
May 31, 2019 at 9:35 Mexican Peso
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
May 16, 2019 at 17:06 Mexican Peso
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
May 2, 2019 at 18:06 Mexican Peso
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
April 5, 2019 at 14:31 Mexican Peso
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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
November 23, 2018 at 16:29 Mexican Peso
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
October 1, 2018 at 17:28 Mexican Peso
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.
Canadian Dollar Poised for Biggest Weekly Gain Since April
September 14, 2018 at 16:19 Canadian Dollar
The Canadian dollar weakened on Friday, but the loonie is still on track for its biggest weekly gain in about five months. The currency recorded gains on surging oil prices, but they were capped on reports that the US and Mexico might exclude Canada from a trade deal, especially with the month-end deadline on the horizon.
Canadian Dollar Stumbles to Six-Week Low on Trump-NAFTA Remarks
September 4, 2018 at 14:37 Canadian Dollar
The Canadian dollar stumbled to its lowest level in six weeks on Tuesday after President Donald Trump suggested that it is not necessary to keep Canada in a new trade deal, a remark that comes a week after reaching an agreement with Mexico. The loonie will now try to find momentum in upcoming economic data.