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Mexico Central Bank Intervenes to Prop Up Peso: Trump to Blame for Peso Woes?

IMG Auteur
Mish
Global Economic Analysis
Published : January 06th, 2017
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Category : Opinions and Analysis

Today the Mexican central bank intervened in the forex markets to prop up the peso, but the action has largely failed.

US Dollar / Mexico Peso 15 Minute Chart

24hGold - Mexico Central Bank ...

US Dollar / Mexico Peso Monthly Chart

24hGold - Mexico Central Bank ...

Don’t Blame Trump

The election of Donald Trump and his anti-NAFTA message hasn’t helped Mexico, but the peso has been in a long slide for years.

Mexico oil export revenues plunged with falling oil prices. Mexico is heavily dependent on oil tax revenue.

Mike “Mish” Shedlock

Source : mishtalk.com
Data and Statistics for these countries : Georgia | Mexico | All
Gold and Silver Prices for these countries : Georgia | Mexico | All
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IMG Auteur
Mish 13 abonnés
Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. He writes a global economics blog which has commentary 5-7 times a week. He also writes for the Daily Reckoning, Whiskey & Gunpowder, and has over 80 magazine and book cover credits. Visit http://www.sitkapacific.com
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