A Bloomberg article has noted that over the past four months, Mexico’s Peso currency has repeatedly declined when Donald Trump’s election outlook improves and rallied when his odds of winning slump. The Peso has also just tumbled to a 2 1/2-month low after Hillary Clinton canceled a two-day trip to California because she’s suffering from pneumonia.
Trump’s campaign promises of overhauling NAFTA and making Mexico pay for a border wall means few investors or traders want to be long on the Peso right now. Remittances to Mexico also plays an important role in the Mexican economy and helps prop up the Peso, but Trump’s trump card to get Mexico to pay for the wall would be to block or tax remittances.
To read the whole article, Want to Know How Trump’s Doing? Just Look at Mexico’s Peso, go to the website of Bloomberg. In addition, check out our Mexico ADR list, Mexico closed-end funds list and Mexico ETF list.
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- Mexico’s Trumpian Populist Pushes “Mexican People First” (Politico)
- The Brazilian Real and the Mexican Peso Have Climbed Against the Dollar as it Steamrolls Rival Currencies This Year — But Economic and Political Risks Could Eat Into Their Gains (Markets Insider)
- Trump Win Could Freeze Mexico Investment (The Hill)
- Analysts Favor Currencies Like the Mexican Peso, Won and Zloty (WSJ)
- As Ties With China Unravel, US Companies Head to Mexico (NYT)
- Back to “Old School” Emerging Markets: Mexico (Wellington Management)
- Energy Politics Cloud Mexican Bid To Join US Semiconductor Rush (Reuters via IB Times)
- Political Reckonings Loom in Pivotal Elections Across Latin America (WPR)
- Mexico Falls Six More Places in the Global Competitiveness Report
- Mexico’s $100-Billion Auto Parts Industry is Reinventing Itself for the EV era (Rest of World)
- Mexico Closed End Fund Stock Picks (Early 2023)
- Emerging Market Monitor: Hit by the Trump Trade (Pictet Asset Management)
- Mexico and Colombia Join ‘Fragile Five’ Emerging Markets (FT)
- Quálitas Controladora (BMV: Q): A Potential NAFTA and Mexico Nearshoring Play