NAFTA Talks

Little Progress in Mexico City The conclusion of the fifth round of NAFTA negotiations, ending yesterday in Mexico City, once again saw little in the way of significant progress. Given the lack of progress over the duration of these talks it is becoming increasingly unlikely that an amended treaty will be ratified before October 2018. Furthermo...

2018-01-25 James Harte Read more
Canada_NAFTA

Canada & Mexico Reject US Demands The Trump administration became involved in yet more political embarrassment yesterday as Mexico and Canada rejected the President’s demand during talks aimed at securing a renegotiation of NAFTA. Negotiators operating on behalf of the US government presented a slew of proposals aimed at getting the Canadia...

2017-10-23 James Harte Read more
Mexican Peso

Officials at the Banco de Mexico, the Mexican central bank hiked interest rates on Thursday by 25 basis points as widely expected by economists. This pushed the interest rates to 7% in Mexico. Policy makers said that the borrowing costs are now high enough to contain any further rise in inflation. This was seen by the markets as a signal that t...

2017-07-26 John Benjamin Read more
Banxico_2903

Agustín Carstens, Governor of Bank of Mexico. Image via Banco de Mexico Market Expecting Further 25bps Rise On Thursday, traders will turn their attention to the Mexican central bank interest rate decision where the bank are widely expected to follow the Fed and hike rates by another 25bps. Banxico has been decisive in their monetary policy ...

2017-03-29 James Harte 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
Trump_Press Conference

Investors who were expecting to hear about the proposed fiscal spending plans were left disappointed after the U.S. President-elect failed to make any mention of the new administration's plans on the economic stimulus, trade, and tax. The U.S. dollar fell broadly by Wednesday's close due to lack of clarity and was the weakest currency among the ...

2017-01-12 John Benjamin 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