|Day's Range||18.9 - 19.148|
|52 Week Range||17.5438 - 20.9584|
Emerging market foreign exchange trading is growing at a double-digit clip this year, as economic and political worries stoke volatility and sell-offs in currencies such as the Chinese yuan, Turkish lira and Mexican peso, industry data shows. 'G10' currencies from the developed world still dominate the $5 trillion-a-day forex market but emerging markets represent a growing share, particularly in spot trading.
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.
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. Investors appear to be shrugging off the deepening trade conflict between the United States and China.
Moody's de Mexico S.A. de C.V downgraded the issuer rating of the Municipality of Guadalupe to Ba2.mx from Ba1.mx (Mexico National Scale). At the same time, Moody's affirmed the municipality's issuer rating (Global Scale, local currency) at B2 and changed the outlook to negative from stable. Finally, Moody's affirmed debt ratings of Ba2/A2.mx rating on its MXN 180 million enhanced loan due in 2026.
(Updates with closing prices, adds details on inflation) By Miguel Gutierrez MEXICO CITY, July 9 (Reuters) - The Mexican peso weakened on Monday after data showed consumer price pressures were higher than expected in June, extending a trend of volatility in the wake of leftist Andres Manuel Lopez Obrador's victory at the presidential elections earlier this month. The acceleration in Mexico's inflation in June was due to a rise in energy costs, raising the possibility that the central bank might hike interest rates again when it announces its next monetary policy decision on Aug. 2. "Investors are looking for opportunities to take profits with the exchange rate being where it is just now," said James Salazar, a CI Banco analyst.
President Donald Trump’s tariffs have caused some champions of globalization to predict the decline of the dollar (XX:BUXX) as the global currency as other nations take the leadership in cobbling together free trade areas—for example, the TTP less the United States in the Pacific, and China’s attempt to cobble together economic cooperation arrangements in the region. Central banks around the world hold major foreign currencies—dollars, euros, yen and so forth—to back up their fiat money. Gold (GCQ8) can’t be mined fast enough at reasonable cost to accommodate economic growth, and its value—what it buys in soybeans and software—fluctuates much more than major currencies.
The Mexican peso weakened on Monday after booking its best week in nearly seven years, extending a trend of volatility in the wake of leftist Andres Manuel Lopez Obrador's victory at the presidential elections ...
President Donald Trump’s tariffs have caused some champions of globalization to predict the decline of the dollar (CALCULATED:BUXX) as the global currency as other nations take the leadership in cobbling together free trade areas—for example, the TTP less the United States in the Pacific, and China’s attempt to cobble together economic cooperation arrangements in the region. Central banks around the world hold major foreign currencies—dollars, euros, yen and so forth—to back up their fiat money. Gold (GCQ18.CMX) can’t be mined fast enough at reasonable cost to accommodate economic growth, and its value—what it buys in soybeans and software—fluctuates much more than major currencies.
The Mexican peso firmed sharply on Tuesday after the newly elected president, Andres Manuel Lopez Obrador, sought to assuage investors, magnifying a global bounce in emerging market assets. Obrador, who ...
Investors are digesting the win by leftist Andrés Manuel López Obrador in Mexico’s presidential election, trying to assess what could be next for Mexico’s economy and its relationship with the U.S.
Moody's de Mexico has withdrawn the Baa1 (Global Scale, local currency) and Aa1.mx (Mexico National Scale) ratings of the MXN 1,893 million (original face value) enhanced loan of the State of Chiapas with a maturity of 20 years. The ratings have been withdrawn following the prepayment of the loan by the State of Chiapas. Please refer to the Moody's de México Policy for Withdrawal of Credit Ratings, available on its website, www.moodys.com.mx.
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?
The Mexican peso fell sharply Monday after leftist candidate Andrés Manuel López Obrador won the country’s presidency in landslide victory, ending several decades of center-right rule. The peso’s about-face also reflects concerns about trade tensions between the U.S. and Mexico, and the future of the North American Free Trade Agreement, which is being renegotiated.
The big currency stories of Monday were Mexico’s election, which saw leftist front-runner Andrés Manuel López Obrador win the presidency, and Germany’s leadership spat over immigration. Both scenarios harbor some uncertainty for the countries’ respective futures and has weighed on markets. López Obrador, sometimes referred to as AMLO, cruised to victory after Sunday’s presidential election, marking a sharp left-hand turn for the country’s politics and striking a blow at established parties, as the new Mexican leader ran for his own Morena party.
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.
This column provides a daily update on key presidential actions as well as comments, whether spoken aloud or on Twitter, by President Trump. President Donald Trump on Monday interviewed four potential Supreme Court nominees, as he talked trade and border security with Mexico’s president-elect and held a White House meeting with the prime minister of the Netherlands. Trump told reporters he met with four candidates to fill the Supreme Court seat being vacated by retiring Justice Anthony Kennedy, and said he plans to meet with two or three more.
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.
SAO PAULO/MEXICO CITY, July 2 (Reuters) - The Mexican peso and stock market both fell over 1 percent on Monday after leftist presidential candidate Andres Manuel Lopez Obrador handily won election while his allies picked up a significant number of congressional seats. The 64-year-old former Mexico City mayor on Sunday won with the widest margin in a presidential election since the 1980s, according to an official quick count that showed him taking more than half the vote - some 30 points ahead of his nearest rival. Mexico's benchmark IPC equities index had fallen 1.31 percent in morning trade, while the peso currency dropped 1.02 percent.
Wall Street was set to start the first trading day of the second half of this year with declines, as heightening risk of a tariff war between Washington and its trading partners continued to weigh on sentiments. Share of trade-sensitive U.S. companies were lower in premarket trading, with Boeing and Caterpillar down about 1 percent, while chipmakers also slid along with a host of U.S.-listed shares of Chinese companies. Global stocks were also facing the impact of a threat to Chancellor Angela Merkel's German ruling coalition, while the Mexican peso whipsawed after Andres Manuel Lopez Obrador's election victory set the stage for the most left-wing government in the country's democratic history at a time of tense relations with the United States.
A renewed slump in Chinese shares and a sobering set of global factory surveys sucked world markets lower on Monday, while the euro and Mexican peso were both jolted by political developments. It was the first trading day of the new month, quarter and half-year but there was no let up for bruised investors after the worst start to a year for world shares since 2010. Shanghai’s "bear" market lurch had continued overnight, with losses of up to 3 percent as firms await some $34 billion of U.S. tariffs this week and new business surveys showed some worrying signs of deterioration.
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 headed to the polls to elect a new president on Sunday and chose Andrés Manuel López Obrador, the left-wing candidate who cruised easily to victory.
A renewed slide in Chinese shares and a sobering set of factory surveys sucked Asian markets lower on Monday, while the euro and the Mexican peso were both jolted by political developments at home. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.6 percent, adding to a 2 percent drop last week. Japan's Nikkei shed 2.2 percent to an 11-week low, with a survey of manufacturers showing sentiment had darkened a shade in the face of trade war threats.
The euro slipped back in Asian trade on Monday after German Chancellor Angela Merkel was dealt a fresh blow when her interior minister offered to quit in an escalating row over migration policy. Interior Minister Horst Seehofer, who has called for tougher border controls, said he was ready to step down as minister and as chair of his Christian Social Union (CSU), junior coalition partner in Merkel's government.
Mexico voted overwhelmingly for Andres Manuel López Obrador as its next president. He’s pledging to fix the economy – but will he work with President Trump? Yahoo Finance’s Melody Hahm speaks with Shannon O’Neil of the Council on Foreign Relations.