Meadows Says Democrats Rebuff White House on Stopgap Jobless... The move pushed it to 19.8275 against the dollar, a new high for the year for the greenback vs. the Mexican currency. The peso slid to 18.8 to the dollar today after dropping to 18.71 yesterday. The peso slid to 18.8 to the dollar today after dropping to 18.71 yesterday. Even by historic standards, the sell-off has been relentless. Global Business and Financial News, Stock Quotes, and Market Data and Analysis.Mexican one thousand pesos bills are run through a counting machine inside a currency exchange store in Mexico City, Mexico. : 50–52 During the 1994 presidential election, the incumbent administration embarked on expansionary fiscal and monetary policy. In turn, Lopez Obrador gathered to celebrate the nationalization of Mexico’s petroleum reserves and kissed and shook hands on stage on Wednesday.Renewed pressure on the economy and on oil revenue has sparked worry that the strong fiscal position Lopez Obrador has defended through his term will be gradually eroded, and that the government will have to spend to kick start the economy or spend to rescue the national oil company. "If the illegal migration crisis is mitigated by Mexico the tariffs will be removed, the White House said in a statement. Now, as oil sinks and the coronavirus spreads, Mexico’s high rates can no longer paper over the cracks.The peso’s worst start of any year since 1995 underscores investor concern about the impact of lower oil prices on the nation’s revenues. Last year, the peso was the third-best performer in the world and widely expected to continue gaining on a strong carry trade. Meadows Says Democrats Rebuff White House on Stopgap Jobless... after preliminary figures from the INEGI national statistics. The Mexican peso could fall almost 9% to 21.30 per dollar next year if U.S. President Donald Trump again threatens the country during his re-election campaign, Mexican financial group Banorte said on Tuesday.Trump has repeatedly sent the Mexican currency and stock market tumbling after attacking Mexico over immigration and trade, mostly on Twitter, threatening to impose tariffs on Mexican goods or close the countries’ shared border.Banorte’s forecast would represent an 8.7% depreciation for the currency from its current level of about 19.60 pesos per dollar. View the currency market news and exchange rates to see currency strength. The Mexican peso is getting whacked on Friday, down more than 2.4% at 19.6373 per dollar, after President Donald Trump announced plans to slap tariffs of … Since Feb. 17, the peso has posted just three days of gains.It wasn’t always this way. We want to hear from you.Sign up for free newsletters and get more CNBC delivered to your inboxGet this delivered to your inbox, and more info about our products and services. USDMXN | A complete Mexican Peso currency overview by MarketWatch. "These tariffs would be a big deal for Mexico. As of 4 p.m. Monday (Mexican time), it had tumbled over 3% to a record low of 25.42 pesos to the U.S. dollar. There are some reasons: * Mexican economy depends on the sales of oil, every time the oil price goes down, the Mexican peso loses value against another currencies, otherwise our currency wins value. The Mexican peso crisis was a currency crisis sparked by the Mexican government's sudden devaluation of the peso against the U.S. dollar in December 1994, which became one of the first international financial crises ignited by capital flight. MEXICO CITY — The coronavirus pandemic is bringing with it a severe, historic downfall in the world’s economy. The basic idea is to put a foundation under the peso and reduce the possible depreciation of the Mexican peso and centavos. Bond Investors Alarmed Over U.K. Economy Turn to BOE for Ans... Nowhere is this clearer than in Mexico, whose currency, the peso, never really recovered from the last crisis and is now collapsing all over again. The peso dropped 3.6% to … The Mexican Peso proved stronger versus the US Dollar last week, with USD/MXN rates dropping by -1.15%, marking just the second time in seven … The White House said levies on Mexican imports could go as high as 25% across all goods. The bad news continues for the Mexican peso, which fell to a record low of more than 24 to the United States dollar early Wednesday morning before recovering slightly.