Peso Loses Ground against Dollar after U.S. Financial Shakeup
The peso slid dramatically in early trading by more than 3.5 percent against the dollar because of traders fearing market contagion from the U.S. bank collapses
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Mexico’s Opposition Parties Hang Tight for Next Election
OPINION By RICARDO CASTILLO For four Mexican opposition political parties, it is the lull before the storm, scheduled for Sunday, June 5, when elections for governor will be held in six states. For sure the leaders of those parties are keeping up the competitive spirit, claiming the candidates they support will come out victors, a hope contenders claim is wishful
Read moreNavigating Mexico: Why Now Might Be a Good Time to Hedge
By JUAN DE JESÚS BREENE If you are a digital nomad, with some or all of your income coming from outside of Mexico, right now might be the time to consider some financial “hedging” While many are familiar with hedging in a stock fund, for the international citizen, a different kind of hedging is at play that has nothing to
Read moreThough Mexico Exports Crude, High Oil Prices Hurt Economy
By THE PULSE NEWS MEXICO STAFF Although Mexico exports crude oil, it is a net importer of carbon-based fuel, meaning that it imports more oil products than it imports. Consequently, the surging price of international oil, and by extension, all oil-based products, such as gasoline, will negatively impact Mexico’s finances, Janneth Quiroz Zamora, deputy director of economic analysis at the
Read moreKeeping Gas Prices Low Will Cost Mexican Government Dearly
By THE PULSE NEWS MEXICO STAFF Keeping President Andrés Manuel López Obrador’s (AMLO) promise on Thursday, March 3, to not raise gasoline prices as global crude oil prices soar will come with a hefty price tag for his administration, experts warned on Friday, March 4. Just last January, the fiscal stimulus granted by the government to gasoline consumers represented a
Read moreA Difficult Year in Review
By ANTONIO GARZA, former U.S. ambassador to Mexico
Read moreAnother Three Amigos Summit
By ANTONIO GARZA, former U.S. Ambassador to Mexico
Read moreMexican Inflation Keeps Rising, while Peso Loses Strength
By THE PULSE NEWS MEXICO STAFF Inflation in Mexico reached a record 6 percent in September, its highest level since April 2021, the National Institute of Statistics and Geography (Inegi) reported on Thursday, Oct. 7. The rise in the National Consumer Price Index (INPC) was mainloy due to increases in food and energy prices. According to Inegi, inflation in Mexico
Read moreThe Storm Is Coming: Banxico Predicts Inflation Surge
By THE PULSE NEWS MEXICO STAFF Mexico’s Central Bank (Banxico) warned Thursday, Sept. 28, that the country will suffer higher inflation in the months ahead, raising its forecast for the close the year to 6.2 percent, up from its previous prediction of 5.7 percent. That new figure will constitute the highest level of Mexican inflation since December 2017, when it
Read moreA Myopic AMLO Sings his own Praises, Merited or Not
By THÉRÈSE MARGOLIS Despite a dramatic 74 percent uptick in violent crimes, a 7.3 percent increase in poverty, a contraction of the national economy every year since he took office, and, lest we forget, a dismal mismanagement of the covid-19 pandemic that has resulted in the deaths of nearly 260,000 Mexicans (and that’s just based on the official numbers, outside
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