Category: peso
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Mexican peso pares losses, remains volatile on US recession fears By Reuters
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By Noé Torres and Rodrigo Campos MEXICO CITY/NEW YORK (Reuters) – The Mexican peso touched its weakest level against the U.S. dollar in nearly two years before paring much of its losses as concerns that the U.S. economy could be headed for recession deepened and the peso’s recent weakness as…
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Argentina’s parallel peso strengthens on new economic measures, stock index plummets By Reuters
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BUENOS AIRES (Reuters) – Argentina’s black market peso strengthened against the U.S. dollar on Monday while local stocks suffered after new economic measures introduced by President Javier Milei’s government over the weekend took effect. Argentina’s economy minister on Saturday announced a plan to halt expansion of the monetary base in…
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Sheinbaum Picks Ebrard as Economy Chief, Sparking Peso Rally
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Breadcrumb links BMN Business Mexican President-elect Claudia Sheinbaum appointed former Foreign Minister Marcelo Ebrard to lead the country’s economy ministry, a move that eased pressure on the peso as traders welcomed a choice seen as more market-friendly than potential alternatives. Article writer: Bloomberg News Maya Averbuch and Michael O’Boyle Posted…
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Mexican peso struggles amid President-elect’s reform plans By Investing.com
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Investing.com – The Mexican peso faced pressure as it approached a recent peak of 18.60 in overnight trade in Asia. The move comes after Mexico’s president-elect, Claudia Sheinbaum, announced that judicial reform would be an early topic of the new congress in September. The peso has already weakened by 8%…
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Mexico peso drops more than 3% on jitters over Morena supermajority By Reuters
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Written by Karen Strohecker LONDON (Reuters) – The Mexican peso fell more than three percent against the dollar on Monday after the ruling party had a surprisingly strong performance in the elections and appeared on track to win a landslide that markets fear could lead to constitutional change and the…
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Argentina’s 300% inflation and propped-up peso spawn Paraguay border ghost town By Reuters
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Written by Daniela DeSantis and Lucinda Elliott NANAUA, Paraguay (Reuters) – Shoppers in Paraguay used to flock in droves to the border town of Nanawa to buy cheap imports from Argentina, where years of weakness in the peso currency have depressed the relative prices of fuel, medicine and groceries smuggled…
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Mexico peso to navigate between firm economy and political doubts: Reuters poll By Reuters
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Written by Gabriel Borin BUENOS AIRES (Reuters) – A Reuters poll of foreign exchange experts showed that the Mexican peso is set to navigate between a relatively strong economy on the one hand and some political uncertainties on the other, with a slight decline in the value of the currency…