Posted by Daniel H on November 10, 2016, 8:38 am, in reply to "Peso Tumbles"
Yahoo exchange
I did a bit of searching with the query - why is the peso devaluing - but
didn't find the good synopsis I was looking for. Using bits and pieces
from various hits it has nothing to do with the wall (great album by the way )
nor immigration. It is it partly the dollar strengthening globally
partly about the threat to NAFTA but mainly the 35% import tax Trump is
talking about.
Plus sides (as talked about before) are more tourist, more pesos
from money to home in Mex.
Strangely enough the weaker the peso gets the more US businesses want to
move to Mexico.
sorry no good citations287
Message Thread
« Back to index | View thread »