|Day's range||18.798 - 18.907|
|52-week range||17.9305 - 20.9584|
While the USMCA brings to an end the coveted free trade agreement, as details of the USMCA emerge, a number of changes were made, while both Canada and Mexico are expected to continue to face aluminum and steel tariffs.
Global investors remained defensive on Tuesday despite the U.S. and Canada agree to a new trade deal ending months of uncertainty and providing a lift to specific assets including the Canadian Dollar and Mexican Peso
As the U.S. dollar rallies, other nations, especially those with emerging markets, are suffering from weakening currencies against the benchmark. Starting with the crash of the Turkish lira a few weeks ago, the Mexican peso, Argentinean peso, South African rand, and Indonesian rupiah have all crashed in a very short span of time.
Durango, Mexico, is an amenity-rich city with great infrastructure, a welcoming population and a very affordable real estate market. The low cost of living is complimented by the dollar's strength versus the Mexican peso. This is a clean city whose well-kept streets are lined by buildings and structures more reminiscent of old Europe than Latin America.
Grupo Aeroportuario del Centro Norte (OMAB MM, 15.31%), which operates 13 airports in Mexico and handles roughly 15% of domestic air travel according to Morningstar, was the top contributor to International Moat Index returns in July. Morningstar recently increased its fair value estimate from $42 to $45 per share as a result of the strengthening Mexican peso relative to the U.S. dollar. ...
Investing.com - The dollar fell sharply against its rivals Monday on fading fears over the prospect of a global trade war after the United States and Mexico reached a bilateral deal on NAFTA, paving the way for Canada to rejoin talks.
President Donald Trump announced Monday that his administration had reached a preliminary bilateral deal with Mexico that could pave the way for a potential revamp of the North American Free Trade Agreement. But the tentative accord hasn't done much to move either Mexican stocks or the Mexican peso (U.S. indexes were up on the news). The iShares MSCI Mexico ETF (EWW) was up 2.9% to $52.67 late on Monday morning, and the peso had strengthened modestly against the dollar — though it was still weaker compared to where it started the year. Win Thin, an emerging markets currency strategist at BBH, said talk of a deal has already been priced in.
The Indian Rupee is just one of several emerging market currencies to come under pressure in the wake of the Turkish Lira’s collapse. However, the Rupee may be vulnerable to further weakness regardless of the weakness of the Lira.
The Mexican peso and Canadian dollar both moved slightly higher after President Donald Trump said the U.S. may do a trade deal with Mexico and then do a deal with Canada later.
By Kate Duguid NEW YORK (Reuters) - The U.S. dollar rose to near a six-month high against the safe-haven Japanese yen on Tuesday and emerging market currencies like the Mexican peso, Brazilian real and Russian rouble also rose as global economic momentum appeared so far unscathed by trade tensions, prompting investors to buy riskier assets. Data from Europe overnight showed French and Italian industrial output had weakened, which may have initially "revived this idea that trade wars, even before they’ve started, have already begun to hit investment and activity in trading partners," said Daniel Katzive, head of FX strategy for North America, BNP Paribas. Investors may instead be focused on the positive outlook for second-quarter corporate earnings, which kick off this week.
Mexico voted on Sunday and the polls going into Sunday’s vote were not wrong. The current vote count shows that a majority 53% voted for Obrador’s left-wing Monero. Can Obrador make a real change in Mexico?
Investing.com – The U.S. dollar rose against its rivals buoyed by upbeat U.S. economic data pointing to underlying strength in the economy reaffirming investor expectations that the economy would be the least affected in a potential trade war with its trade partners.
Mexico's historic landslide victory for Andres Manuel Lopez Obrador could be a big loss for the North American Free Trade Agreement and the Mexican peso.
Political tension in Germany is dominating the headlines as we start a new week. Global stocks trade lower; the Euro, Yuan and Mexican Peso fall on trade war fears.
MEXICO CITY (Reuters) - Mexico's peso firmed sharply after exit polls showed leftist candidate Andres Manuel Lopez Obrador handily won Mexico's presidential election on Sunday, as widely expected by financial markets.
The Mexican peso was up more than 2% versus the greenback on Thursday. Follow the Mexican peso in real time here. The Mexican peso rallied Thursday as the country gears up for its presidential election this weekend.