Mexican peso

The trade relationship between the U.S. and Mexico, America's top trading partner in 2023, entered a new phase of tension. President-elect Donald Trump's recent pledge to impose 25% tariffs on all imports from Mexico and Canada, as soon as he returns to the Oval Office in January, has sent ripples...

All major U.S. equity indices opened the week with losses, as traders shifted to safe-haven bonds and gold amid concerns affecting the health of the U.S. manufacturing activity. In May, the ISM Manufacturing PMI dropped to 48.7, marking a faster-than-expected contraction. This follows a bleak...

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...

The fortunes of Mexican assets have taken a remarkable turn, with both the equity market and the currency surging to multi-year highs. The iShares MSCI Mexico ETF (NYSE:EWW), a currency unhedged exchange-traded fund which offers exposure to the Mexican stock market, reached its highest level this...

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 U.S. stock futures remain volatile in early Wednesday's trade as the presidential race remained too close to call. Major U.S. indices had closed higher on Tuesday - the Dow had gained 2.06%, the S&P 500 closed 1.78% higher, and the Nasdaq had advanced 1.85%. Trading in futures does...

Investment banking firm Goldman Sachs Group Inc (NYSE: GS) is recommending shorting the U.S. dollar on the odds of Democrat Joe Biden winning the November election and a coronavirus vaccine materializing soon. Both factors are negative for the greenback in Goldman Sachs' view, according to...

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...

Wilbur Ross, billionaire investor turned Commerce Secretary in the Trump administration, was interviewed during Friday's segment of CNBC's "Squawk Box." Among one of the many topics of conversation was President Donald Trump's call to renegotiate the North American Trade Agreement. Ross said that...

Since it became apparent that Donald Trump was a credible presidential candidate, few if any exchange traded funds have been as inversely correlated to the new president's musings as the iShares MSCI Mexico Capped ETF (NYSE: EWW). In addition to the peso being one of the world's worst-...

The U.S. auto industry seems to be getting President-elect Donald Trump’s message loud and clear: Build your cars in the United States, or risk the consequences. Trump called out General Motors Company (NYSE: GM) on Twitter Tuesday for the Chevy Cruze models it produces in Mexico. “...

Joseph Trevisani of Worldwide Markets was a guest on CNBC's "Squawk Box" segment on Friday and explained why the U.S. dollar is benefiting from a "perfect storm." According to Trevisani, the "perfect storm" consists of: a) the Federal Reserve almost essentially guaranteeing an interest rate...

Investors across the world are waking up to the new reality that President Elect Donald Trump will succeed President Barack Obama. Once it became apparent that Trump secured the victory, the futures market tumbled and many currency pairs saw heavy activity. Precious metals, including gold, also...

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...