(Bloomberg) — Mexico’s president-elect was set to inherit the world’s top performing currency. Instead she’s confronting a historic slump in the peso that’s casting a pall over her early days in leadership. Most Read from Bloomberg Claudia Sheinbaum struggled to address investor concerns Tuesday that the ruling party’s landslide election win will pave the way […]
MEXICO CITY (AP) — The Mexican peso continued to weaken Tuesday as Mexico’s outgoing president — and his successor — vowed to forge ahead with some 20 c onstitutional changes that have rattled investors. Claudia Sheinbaum won this month’s presidential election. But she has spent much of the time since then trying to reassure markets, […]
MEXICO CITY (AP) — The Mexican peso continued to weaken Tuesday as Mexico’s outgoing president — and his successor — vowed to forge ahead with some 20 c onstitutional changes that have rattled investors. Claudia Sheinbaum won this month’s presidential election. But she has spent much of the time since then trying to reassure markets, […]
(Bloomberg) — Mexico’s peso sank after President-elect Claudia Sheinbaum said a proposed reform of the nation’s judicial system would be among the first to be discussed in congress, spooking investors who worry it will erode checks on the ruling party. Most Read from Bloomberg A constitutional reform to the judiciary system will be part of […]
Claudia Sheinbaum will become Mexico’s next president — and its first female leader in more than 200 years of independence. – Agence France-Presse/Getty Images Exchange-traded funds that track Mexican equities suffered their biggest daily decline in over four years on Monday, after Claudia Sheinbaum’s victory in Mexico’s presidential election sparked investor concerns that her party’s […]
By Karin Strohecker LONDON (Reuters) -Mexico’s peso tumbled more than 3% against the dollar on Monday after the ruling party scored a surprisingly strong election showing and looked poised for a super-majority that markets fear might bring constitutional change and diminish checks and balances. Claudia Sheinbaum won a landslide victory in Sunday’s presidential election, which […]
(Bloomberg) — Mexico’s peso tumbled as preliminary election results showed the ruling party winning in a landslide that may empower it to increase state control of the economy and undermine checks on its power. Most Read from Bloomberg The peso weakened 3.1% to 17.55 per dollar in morning trading in New York — its worst […]
STORY: Shoppers are no longer flocking to buy cheap imports from this once-bustling town on Paraguay’s border with Argentina. For years, the weak peso kept prices low for fuel, medicine and groceries, all smuggled across the frontier. But with a rare mix of Argentina’s near 300% inflation and a propped-up peso under libertarian President Javier […]
By Daniela Desantis and Lucinda Elliott NANAWA, Paraguay (Reuters) – Paraguayan shoppers used to flock in their droves to the border town of Nanawa to buy cheap imports from Argentina, where the weak peso currency for years kept relative prices low for fuel, medicine and groceries smuggled in across the frontier. Now Nanawa is a […]
President of Argentina Javier Milei giving a speech after his inauguration ceremony at the National Congress on December 10, 2023, in Buenos Aires, Argentina.Getty Images Astronomic inflation in Argentina has caused the government to higher denominations of the country’s peso. The central bank next month will issue a 10,000 peso note, worth about $11 based […]
(Bloomberg) — Four months into office, Argentine President Javier Milei has pulled off a critical feat in a country long ravaged by runaway inflation: He stabilized the currency. Most Read from Bloomberg The peso has, in fact, not only stopped plunging day after day but in one key foreign-exchange market — there are many of […]
(Bloomberg) — President Andres Manuel Lopez Obrador said the Mexican peso’s recent weakening was a help as the currency had become too strong. Most Read from Bloomberg The peso “has lost value in recent days, not much, it’s a move with benefits because it was already too strong, very strong,” Lopez Obrador said in a […]