peso

Investor sentiment is highly disconnected over tariffs as equities and forex markets are showing significant divergence in response to the announcements. This comes amid President Donald Trump's take on yen and yuan's devaluation. What Happened: According to the senior fellow at the Brookings...

Just two days after assuming office, Argentina’s President Javier Milei’s government has initiated a comprehensive ten-point economic reform plan in an effort to rejuvenate the country’s faltering economy. Regardless, investors remain eager for more significant action. What...

Tomorrow morning brings the eagerly awaited retail sales data for Mexico, a market that has been on a roller coaster ride throughout the year. Experts predict that the upcoming report will likely show a decrease compared to the previous month’s figures. In April of 2023, retail sales in...

I found myself in Argentina this April for the first time in over 10 years, stepping into a mess that felt very familiar — high inflation, capital controls and nearly worthless cash that was weirdly hard to find. The country has all the right ingredients to become the crypto paradise that...

Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day in 1976, Mexico devalued the peso by 50%. Where The Market Was: The Dow Jones Industrial Average closed at 985.95 and the S&P 500 traded at 104.06. What Else Was Going...

The iShares MSCI Mexico ETF (NYSE: EWW) is up just 2.65% year to date, well below the returns of the MSCI Emerging Markets Index and the S&P 500. Slumping Mexican stocks could be a sign Latin America's second-largest economy needs some jump-starting. What Happened As has been noted, stocks...

The U.S. Dollar Index, which measures the value of the U.S. dollar against a basket of foreign currencies, has gained about 3.2 percent year-to-date through Oct. 11.  This is where the greenback stands year-to-date against other major currencies: Euro: +3.4 percent Pound: +2.1 percent...

Currencies are a popular investment class that allow for speculation on price movements, just like bets on other asset classes. Foreign exchange, or forex in short, is a decentralized global market where currency pairs are traded. Currency trading takes place electronically over-the-counter across...

It was almost a throwaway line, a casual aside, except it looks so much different in print. “If we have to close down our government, we’re building that wall,” President Donald Trump told supporters at a surreal rally Tuesday night in Phoenix, Arizona. “One way or the other...

It seems that every time President-elect Donald Trump tweets, the Mexican peso tumbles. Case in point, Trump sent a warning shot to automakers that if they choose to manufacture their products in Mexico, they will be subject to a hefty border tax. When automakers declared they would scrap plans to...

Former U.S. Treasury Secretary Larry Summers was a guest on Bloomberg TV and offered some tips for Donald Trump ahead of his presidency. Currency Manipulation The conversation began surrounding currency manipulation. Specifically, Trump accused China of manipulating its currency and said that as...

Rebounding commodities prices and a weaker dollar have been cited as driving factors for several well-known asset classes and sectors this year. Previously downtrodden emerging markets currencies are soaring this year with plenty of help from the two aforementioned catalysts. As a result, emerging...

Markets were incredibly volatile Wednesday, eventually closing significantly lower. Equities shot down after the Fed’s minutes were released, and quickly recovered before tanking to end the day. Major Averages The Dow Jones Industrial Average closed down 105.44 points, or 0.7 percent to 14,...