Mexican Peso

Banxico, the Mexican central bank, at its monetary policy meeting yesterday hiked the benchmark interest rates 50 basis points to 6.25% in a widely expected move. The decision to hike interest rates comes amid a modest recovery in the nation's currency which has been repeatedly battered against a stronger US dollar, largely on account of protect...

2017-02-10 John Benjamin Read more
mexican peso_2601

Historic Devaluation The Mexican Peso has been under significant pressure over the last year, and the current level of devaluation in the currency is historic in both nominal and real terms.  In the first 8 trading days of 2017, the Peso lost just under 14% of its value against the US Dollar. The sell -off, which was both abrupt and significan...

2017-01-26 James Harte Read more
Mexican Peso

Just a week after the peso posted one of the biggest declines against the U.S. dollar, the Mexican central bank came out strongly by hiking interest rates, but it did little to help the peso as the currency continued to post declines. On Thursday, November 17, the Banco de Mexico raised the key rate by 50 basis points, bringing the benchmark in...

2016-11-23 John Benjamin Read more
Elections_Trump

Echoes Of Brexit On a morning that echoes strongly of the day after the Brexit vote, polls and betting markets are once again left red-faced as against Donald Trump takes the US Presidency. Markets responded aggressively to the news with the S&P500 dropping over 120 points as risk aversion swept across markets. The initial whipsaw reaction...

2016-11-09 James Harte Read more
Trump_US Elections_0211

Fed Side-lined Ahead of Elections Coming just ahead of the hotly anticipated US elections to be held next week, today’s US Federal Reserve meeting has lost much of its usual importance with markets broadly expecting the Fed to remain on hold until after the elections. Check our previous Elections updates: October: Clinton's lead grows f...

2016-11-04 James Harte Read more