The governor of Sinaloa, Mexico, announced today that the body found midweek is that of missing radio host Candida Cristal Vazquez. Police found the woman’s body Thursday in a canal in the Pacific resort of Mazatlan. The mayor of the city, Luis Guillermo Benitez Torres, told reporters today that the results of the laboratory tests […]
Tag: Mexico
USD/MXN bounces off weekly lows towards 20.00
US data released on Thursday comes out better than expected. The dollar recovers momentum after the opening of Wall Street. USD/MXN rebounds after marking nine-day lows. USD/MXN is trading around 19.95, having erased daily losses after falling as low as 19.84, the lowest level in nine days. The rebound occurred before a strengthening of the […]
USD/MXN falls to one-week lows at 19.90, inflation continues to rise in Mexico
Mexican peso among the best performing currencies on Wednesday. Dollar remains firm supported by Treasury bond yields and market climate. USD/MXN finds support at 19.90. USD/MXN fell on Wednesday to 19.90 reaching the lowest level in a week. It then bounced back and is trading around 19.95, still with a bearish bias. The Mexican peso […]
Another journalist was murdered in Mexico, in the deadliest year for press workers
Another journalist was killed in his car today in Mexico’s Guerrero state, authorities said, making this year the country’s deadliest for journalists. Freddy “Freddy” Roman was shot dead in Chilpancingo, Guerrero state by gunmen on a motorcycle, according to local media and the prosecutor’s office, which announced an investigation. A few hours before his murder, […]
USD/MXN bullish, remains firm above 20.00
The dollar remains firm in the face of decline in the markets. USD/MXN rises for the fifth day in a row. USD/MXN is trading at the 20.21 zone, in positive territory for the day after bouncing from 20.10. The outlook remains bullish, with an eye on Friday’s high at 20.26. The area between 20.25 and […]
Mexico: Arrest warrants issued against 64 military and police officers
Justice in Mexico yesterday requested the arrest of 20 army officers and 44 police officers, who are believed to be involved in the disappearance of 43 students in 2014 in Ayotchinapa, the prosecution announced. These 64 police and military officers are wanted for “organized crime, enforced disappearances, torture, murder and offenses against justice,” the prosecutor’s […]
USD/MXN: Banxico’s proactive rate hike supports the peso – Scotiabank
The Mexican peso is currently holding a small gain against the US dollar so far this year. Sharp rises in domestic interest rates have supported the MXN and Scotiabank economists expect policymakers to tighten rates further, keeping the MXN USD/MXN within recent ranges. The peso is supported by a tighter monetary policy “Banxico’s proactive rate […]
USD/MXN rises and approaches 20.00 on a stronger dollar
The dollar continues to recover ground on all fronts. USD/MXN moves away from lows in months. USD/MXN is trading near daily highs at 19.94, bouncing back after finding support in the 19.80 area. The rebound comes after several days with consecutive falls, which reached a minimum in two months. The current advance has more to […]
USD/MXN remains in the low zone in weeks below 20.00 after Banxico
Bank of Mexico raises interest rate and suggests that there will be more. Mexican peso rises for the fifth consecutive day against the dollar. USD/MXN tests 19.90. The USD/MXN is falling for the fifth day in a row, after Banxico’s interest rate hike. The pair is trading in the lows of the week around 19.90, […]
Mexico’s central bank raised its interest rates to an all-time high
Mexico’s central bank raised its key interest rate to a record high as inflation hovers at a 21-year high, but pulled back on a hawkish timetable for monetary tightening through the end of the year. Banxico, as Mexico’s central bank is better known, hiked interest rates for the second straight time by 75 basis points, […]