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The peso, seen as vulnerable to new tariffs Trump plans to impose, is down 4% from its September high. MSCI's gauge for Latin American currencies has slipped over 3% during that period.
Judges and magistrates joined a strike on Wednesday as protests against a judicial reform pushed by outgoing President Andres Manuel Lopez Obrador gained momentum, weighing on markets with the ...
On December 22, the Mexican government allowed the peso to float, after which the peso depreciated another 15%. [6]: 179–180 The value of the Mexican peso depreciated roughly 50% from 3.4 MXN/USD to 7.2, recovering only to 5.8 MXN/USD four months later. Prices in Mexico rose by 24% over the same four months, and total inflation in 1995 was 52%.
The U.S. currency climbed as much as 2.8% to 21.2547 Mexican pesos, the highest since March 2022, and rose as much as 1.4% to C$1.4755, a level not seen since 2003.
USD/MXN exchange rate. Mexican peso crisis in 1994 was an unpegging and devaluation of the peso and happened the same year NAFTA was ratified. [2]The Mexican peso (symbol: $; currency code: MXN; also abbreviated Mex$ to distinguish it from other peso-denominated currencies; referred to as the peso, Mexican peso, or colloquially varo) is the official currency of Mexico.
Because the literature (journal articles, textbooks, and even news media) overwhelmingly refers to the crisis by the name of Mexican peso crisis and because the article's lead currently acknowledges this more widely used name, I plan on renaming the article when I work on improving the lead unless anyone objects here on the talk page.
Mexico is holding talks with the U.S. government on trade policy before a deadline expires in a week for a pause on tariffs on Canadian and Mexican goods, Mexican President Claudia Sheinbaum said ...
The peso problem in finance is a problem which arises when "the possibility that some infrequent or unprecedented event may occur affects asset prices". The difficulty or impossibility of predicting such an event creates problems in modeling the economy and financial markets by using the past.