Mexican Peso recovers as threat of trade war recedes
The Mexican Peso is rebounding on Thursday as the threat of trade between the US and Mexico recedes. Reportedly positive conversations between the two country’s leaders, resulting in upbeat messages on social media, are calming investor nerves. Technically, USD/MXN pushes back from the top of a mini range and begins to cycle lower.
Trump tariff threats devalue Mexican peso
President-elect Donald Trump, who won a second term in the White House, has a net worth of $5.6 billion, according to a November 2024 Forbes estimate. A federal judge denied emergency injunctive relief despite complaints from competitors who object to the Spartans player's participation on the grounds that she is transgender.
The Mexican peso recovered after Donald Trump said he had a “wonderful” conversation with the country’s president in the wake of his tariffs threat, but ING warned that volatility was here to stay.
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Mexican peso is currently experiencing pressure, trading at over 20.5 pesos per USD, nearing its weakest point since 2022.
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Bitcoin prices fall further after failing to breach the $100,000-mark that many traders had been betting on, says Naeem Aslam at Zaye Capital Markets. “Bitcoin price has certainly missed its major ...
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