Mexican Peso treads water as Trump tariffs coming on February 1
Lately, the main driver of the USD/MXN pair has been US President Trump. On Thursday, he said that 25% tariffs imposed on Mexico would commence on February 1, adding that his decision is justified by the Mexican government's failure to fight drug cartels fentanyl traffic to the US and that his country subsidizes Mexico as the trade deficit grows.
Relatively high interest rates, close proximity to the U.S., and vast petroleum reserves are all factors that contribute to the liquidity of the Mexican peso.
The yen was set for its best January performance since 2018 on Friday, driven by the expectation for Japanese interest rates ...
The USD/MXN exchange rate has recently pulled back, ending the strong Mexican peso sell-off a few weeks ago. It retreated ...
Discover the current state of Mexico's economy and the peso's resilience in a challenging trading session amid economic ...
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