The
Mexican peso hitting a 49-day high against the dollar today equally Mexico’s Jan consumer confidence index crashed to an all-time depression of 68.94. This is the lowest reading the National Institute of Statistics in addition to Geography has recorded since it started keeping rails of consumer confidence figures inwards 2001.
The
USD/MXN currency pair hitting a 49-day depression of 20.2842 today. Mexico’s currency began depreciating real quickly inwards the weeks next Donald Trump’s election on Nov. 8, hitting an all fourth dimension depression of 22.0351 on Jan 19, 2017, exactly the peso has been steadily gaining reason since that day.
Over the past times xv days, the peso has appreciated unopen to 7.85 per centum against the U.S. dollar.
The peso’s impressive recovery has occurred during a menses of increasingly hostile rhetoric from the Trump direction regarding the structure of a wall on the southern border; hiking taxes on Mexican exports to the US; in addition to straight off a dwindling confidence with Mexican consumers.
Mexican peso notes ikon past times Dennis S. Hurd
