|Day's Range||18.889 - 18.889|
|52 Week Range||17.5966 - 20.9584|
Moody's de Mexico (Moody's) changed today the outlook for the Municipality of Zapopan to negative from stable and affirmed its issuer ratings at Baa3/Aa3.mx (Global Scale, local currency/Mexico National Scale). At the same time, Moody's affirmed the A3/Aaa.mx (Global Scale, local currency/Mexico National Scale) debt ratings of the municipality's MXN 1,237 million enhanced loan from Banorte.
The euro was on the defensive on Monday after touching a 13-month low against the dollar as investors bid up safe havens such as the U.S. dollar and the yen on worries about the exposure of European banks to crisis-hit Turkey. After hitting a record low of 7.24 against the dollar early on Monday, Turkey's lira found some support after Finance Minister Berat Albayrak said the government has drafted an economic action plan to ease investor concerns and the banking watchdog said it limited swap transactions. The South African rand and Mexican peso were also weak against the U.S. dollar on Monday as the lira crisis unsettled other emerging market currencies.
Moody's de Mexico assigned debt ratings of Baa1 (Global Scale, local currency) and Aa1.mx (Mexico National Scale) to the following seven enhanced loans of the State of Sonora: - MXN 5 billion enhanced ...
The Mexican peso strengthened on Wednesday amid growing optimism about the renegotiation of the North American Free Trade Agreement , a crucial pillar of the nation's economy. Mexican negotiators are traveling ...
Brazil's benchmark Bovespa equities index tumbled 1.3 percent on Tuesday as poor quarterly results in the financial services and retail sectors and a federal police price-fixing probe hit shares, while ...
(Recasts with Mexican peso gains) MEXICO CITY, July 30 (Reuters) - Mexico's peso firmed to its strongest level in more than three months on Monday while the country's main stock index closed at its highest in six months, supported by solid corporate earnings. Mexico's peso firmed 0.4 percent and traded at its strongest levels since April. The peso was supported by last week's renewal of talks to renegotiate the North American Free Trade Agreement.
Moody's de Mexico affirmed today the debt ratings of Baa2 (Global Scale, local currency) and Aa2.mx (Mexico National Scale) for the debt structure under which the State of Chihuahua borrowed MXN 20.2 billion ($1.1 billion) through a syndicated loan. Proceeds from the loan were used to refinance part of Chihuahua's outstanding long-term debt.
Trade relations between the U.S. and its partners have taken a lot of heat this year. But after the U.S. seemingly reconciled with the European Union this week, hopes are rising that the same could hold true for the member of the North American Free Trade Agreement.
Mexico’s President-elect Andres Manuel Lopez Obrador is reportedly seeking to quickly reach a settlement on North American Free Trade Agreement negotiations, and President Donald Trump on Monday hinted that a “dramatic” deal is in the works.
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.