Mexico’s peso reached an almost 10-month high on Friday and investors are more optimistic about the currency than they have been in four years.
The Mexican peso is on the verge of breaking into bull market territory. How things have changed.
After the U.S. President-elect Donald Trump’s commerce pick said that renegotiating NAFTA will be a priority, the currencies of both Mexico and Canada tumbled Wednesday.
While Mexico has always been an affordable place to visit, “the last two years have taken that dynamic to an extreme,” writes a financial writer who just spent five weeks in Yucatán and Central Mexico.
Could Donald Trump be inadvertently doing Mexico a huge favor? The peso is gaining ground against the U.S. dollar while Donald Trump’s poll numbers are dropping.
Mexico’s peso can’t seem to catch a break. Has Donald Trump’s proposals and rhetoric played a role?
Mexico’s peso sank to a record low on Tuesday, and the decline is expected to continue. But who to blame, if you’re earning money in pesos?
The peso has fallen steadily against the dollar, but “the peso is not weaker. The American dollar though is really strong,” a Mexican analyst said.