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Tag: Mexico

USD/MXN below 20.00, at six-week lows after Banxico

USD/MXN below 20.00, at six-week lows after Banxico USD/MXN below 20.00, at six-week lows after Banxico

New data from the United States shows a slowdown in inflation. Banxico is expected to raise rates by 75 basis points on Thursday. The USD/MXN falls for the fourth consecutive day. The USD/MXN marked a new monthly low on Thursday at 19.90. It remains near the bottom, under pressure ahead of the Banxico decision and […]

USD/MXN falls to six-week lows below 20.00 ahead of Banxico

USD/MXN falls to six-week lows below 20.00 ahead of Banxico USD/MXN falls to six-week lows below 20.00 ahead of Banxico

Mexican peso remains firm against the dollar. Rise in the stock markets and general weakness of the dollar take the USD/MXN below 20.00. The USD/MXN is falling again, accumulating four days in a row. The pair is back below 20.00 and closing below could suggest more downside ahead. On Thursday the pair hit new lows […]

USA: End policy of sending asylum seekers back to Mexico

USA: End policy of sending asylum seekers back to Mexico USA: End policy of sending asylum seekers back to Mexico

The US Department of Homeland Security announced late Monday that it is ending a Trump-era policy of sending asylum seekers back to Mexico while their cases are being reviewed by the courts. The announcement came hours after a judge lifted an order preventing President Joe Biden’s administration from rescinding the “Immigrant Protection Protocols,” an arrangement […]

USD/MXN extends the pullback and falls towards 20.30

USD/MXN extends the pullback and falls towards 20.30 USD/MXN extends the pullback and falls towards 20.30

Mexican peso rises again against the dollar. Low yields on Treasury bonds put pressure on the greenback. The USD/MXN is falling for the second day in a row, supported by a general decline in the dollar in the market. The pair pulled back towards the 20.30 area, breaking important supports along the way. After the […]

Mexico: Ten trapped in coal mine – Three miners already rescued

Mexico: Ten trapped in coal mine – Three miners already rescued Mexico: Ten trapped in coal mine – Three miners already rescued

Ten workers remained trapped Wednesday in a coal mine shaft after part of it collapsed in northeastern Mexico, authorities said, sending rescue teams to the area. “Three miners have already been rescued” and “taken to hospital”, the Ministry of Safety and Citizen Protection said, adding that ten others are still trapped inside the mine. Mexican […]

Mexico: Journalist-businessman and three other people murdered

Mexico: Journalist-businessman and three other people murdered Mexico: Journalist-businessman and three other people murdered

A journalist who also had business activities was murdered along with three other persons in Mexico, in a state that is among those most affected by the wave of violence by organized crime gangs, the authorities and press freedom NGOs announced yesterday. Ernesto Mendes, director of the Tu Voz news website, was killed in a […]

Mexico: 13th murder of a journalist in 2022

Mexico: 13th murder of a journalist in 2022 Mexico: 13th murder of a journalist in 2022

A Mexican journalist has been killed while working in his family’s bar, in a bloody year for the country’s media. Ernesto Mendez, who headed local media outlet “Tu Voz”, had received threats in the past, human rights group Article 19 said, saying he had called on local authorities to consider the crime related to his […]

Mexico: Investigation against the country’s former president Nieto for money laundering

Mexico: Investigation against the country’s former president Nieto for money laundering Mexico: Journalist-businessman and three other people murdered

Mexico’s attorney general’s office is investigating former President Enrique Peña Nieto (2012-2016) for money laundering, illicit enrichment and illegal money transfers abroad, two sources with knowledge of the matter told Reuters on Tuesday. Mr. Peña Nieto could not be reached for comment on the information. The former head of state had denied doing anything reprehensible […]

USD/MXN falls to the 20.40 zone, without clear signals

USD/MXN falls to the 20.40 zone, without clear signals USD/MXN falls to the 20.40 zone, without clear signals

Emerging market currencies rise on gains in stocks. USD/MXN finds support at 20.40. Fed meeting will be key for the Mexican peso. USD/MXN extended the bearish run on Friday and reached 20.39, the lowest level in almost a week. It then bounced higher to the 20.45 area. The cross moves with a negative bias in […]

Mexico: Former president Luis Echeverría has died at the age of 100

Mexico: Former president Luis Echeverría has died at the age of 100 Mexico: Former president Luis Echeverría has died at the age of 100

Former Mexican President Luis Echeverria, who took office in 1970 promising a democratic opening for the country but led six of the toughest years of the so-called “dirty war” against dissidents, has died aged 100. Mexican President Andrés Manuel López Obrador confirmed the death today, offering his condolences to Echeverría’s family. As an elderly man, […]