Puerto Vallarta and Mexico News

Puerto Vallarta and Mexico News

Peso surges as investors see Trump campaign struggling

The Mexican peso, which has been pressured since May by Trump's promises to clamp down on immigration and rethink trade relations, surged as markets trimmed the chances of a victory for the Republican nominee in next month's elections.

The Mexican currency rose about 2 percent to 18.91 to the U.S. dollar in early Asian trade -- its highest level in nearly a month -- and held on to the bulk of its gains after the second presidential debate between Trump and Democrat Hillary Clinton.

It last stood at 19.018, still up about 1.5 percent.

The peso . . .

Read Full Story

Related Posts

Mexican peso strengthens

Peso Pulls Back After Brief Move Above 18 Per Dollar

The peso recovered some ground after briefly trading above 18 per dollar, as higher oil...
Mexico’s electoral reform and the mechanics of trust

Can electoral reform curb cartel influence in Mexico

An explainer on Mexico’s electoral reform, focused on cartel leverage, campaign money, and whether the...
Mexico inflation hits 4.02% as core remains elevated

Mexico inflation hits 4.02% as core remains elevated

Mexico’s February inflation hit 4.02%, but grocery spikes and service costs help explain why many...
Shield of the Americas and Mexico’s sovereignty leverage

Shield of the Americas and Mexico’s sovereignty leverage

Mexico faces a new U.S.-led cartel coalition that tests its sovereignty, trade leverage, and room...