Mexican Peso rallies as Trump softens tariffs threats
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.
Canada, Mexico Currencies React to Threat of Trump Tariffs
Canada's dollar and Mexico's peso were edging higher on Friday, having dropped Thursday after President Donald Trump signaled he planned to impose tariffs on imports from the two countries. Trump told reporters he would follow through with a plan to impose levies on goods from the U.
El Paso-area business leaders hoping Trump won't impose 25% tariffs on all Mexican imports, which include goods made by U.S.
The U.S. State Department is warning travelers of IEDs found along dirt roads near an area of northeastern Mexico that ...
A deadline for U.S. tariff hikes on two of its top trading partners has global currency markets braced for increased ...
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.
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Wall Street stocks slipped and the dollar gained, on Friday after President Donald Trump announced tariffs on Canada, Mexico ...
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