Tag Archives: peso

Mexican Peso Strong, That’s Not Necessarily a Good Thing

By THÉRÈSE MARGOLIS     Every time the Big Three international rating agencies downgrade the country or it’s state-run oil venture, Petróleos Mexicanos (Pemex), Mexican President Andrés Manuel López Obrador (AMLO) proudly points to the fact that the peso is doing well against the U.S. dollar, with a parity now below 19 to 1. And in most financial universes, a strong currency

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The Day After AMLO’s Sweeping Victory, Trump Calls, Bolsa Slumps

By RICARDO CASTILLO     Mexicans have yearned for “the day after” the July 1 presidential elections since the process kicked off officially last Dec. 14. The good news is, the day after and subsequent days are finally here. Election victor Andrés Manuel López Obrador (AMLO) had even talked about Monday. July 2. as a day to take it easy, relax, spend

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