In 1994, the Mexican peso experienced a sudden devaluation. This caused an economic shockwave that reverberated throughout Latin America. This so-called "tequila effect" was fixed with a $50 ...
NEW YORK, Jan 30 (Reuters) - The Mexican peso fell 1% against the dollar in a volatile session on Thursday after U.S. President Donald Trump reiterated his threat to impose 25% tariffs on Mexico ...
NEW YORK, Jan 27 (Reuters) - The Mexican peso tumbled on Monday as investors worried that trade disputes would again whipsaw markets after U.S. President Donald Trump’s overnight threat to ...
According to the credit rating agency Moody's, a devaluation of around 20% of the Mexican peso against the US dollar would be imminent and might take place later this year or in early 2023 ...