Mexican Peso dwindles on recession jitters, awaits Trump’s announcement

Global actions collapsed for the fourth day, before President Donald Trump revealed a new round of tariffs and raised concerns about the economic impact of a global trade war.Before the entry of reciprocal tariffs, on Wednesday, April 2, the Mexican currency was set at 20.38 units per dollar, following the opening of markets in Asia.On the other hand, Nikkei-225 plummeted to its lowest level in more than six months, while rates in Hong Kong, Sou…

Mexico’s economy once again feels the hangover of the 1994 tequila crisis, a financial crisis that rendered the Mexican peso 37% against the dollar. This week, Mexico faces the economic earthquake that Donald Trump threatens to unleash on April 2nd, to commemorate the United States Liberation Day. The escalation of trade war will put in the danger zone about 839 billion dollars (775.466 million euros) estimated in annual bilateral trade between …

Mexican Peso dwindles on recession jitters, awaits Trump’s announcement

The Mexican Peso (MXN) begins the week on the back foot against the US Dollar (USD), mainly due to a deteriorating risk appetite as investors brace for the release of US tariffs on April 2, the US Liberation Day.

The Mexican peso depreciates on Monday for the fifth consecutive day due to concerns about the potential impact of the tariffs promised by the US president, Donald Trump, for this week. Mexican stock exchange recedes The MXN= coin quoted at 20.39 per dollar, with a loss of 0.24% compared to the LSEG reference price on Friday. In the last five sessions the currency accumulated a deterioration of around 1.85%. Trump is expected to announce on Wedn…