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Home>Opinions and Analysis>Mexico Central Bank Intervenes to Prop Up Peso: Trump to Blame for Peso Woes

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

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Mish

Global Economic Analysis

Published : January 06th, 2017

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FOLLOW : Bank Central Bank Chart Dollar Election G Mexico Georgia Mexico Oil Tax Trump

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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 US Dollar / Mexico Peso Monthly Chart 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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Mish 13 abonnés

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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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