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Mexico’s external deficits increase but are manageable

Location:

MEXICO

Inflows of foreign direct investment (FDI) and remittances should nevertheless finance such deficits comfortably. The Bank of Mexico (Banxico) also holds a substantial stock of…

Tight monetary policy to strengthen Mexican peso

Location:

MEXICO

Banxico justified the move as an attempt to curb inflationary expectations and eventually reduce inflation. It should also boost the peso, making the currency more attractive to…

Volatility of Mexican peso likely to worsen in 2018

Location:

MEXICO

The peso is depreciating sharply due to renewed uncertainty surrounding the North American Free Trade Agreement (NAFTA). Further volatility may be caused by an acrimonious and…

Mexico’s high interest rates will support strong peso

Location:

MEXICO

The peso this month has hit its strongest nominal levels since April 2016, closing at MXN17.43:USD1 on May 15 -- an increase of MXN0.13 on the previous day. The accumulated…

Mexico’s Pemex will retrench in a bid to survive

Location:

MEXICO

While such losses are enormous, they are far less than then 41.4-billion-dollar loss seen the previous year. Pemex has recorded 17 consecutive quarters of financial losses, with…

Prospects for Latin America in the third quarter

Location:

PROSPECTS Q3 2015

Prospects for Latin America in the third quarter.

Mexico is unlikely to become a lithium powerhouse

Location:

MEXICO

Within 48 hours, Congress instead approved a plan to nationalise exploitation of lithium, prohibit new concessions and create a state-owned enterprise (SOE) to monopolise the…

External factors may trigger more Mexican rate hikes

Location:

MEXICO

The hike was double the 25 bp expected by most economists and took place without any similar move from the US Federal Reserve (Fed), increasing the gap between the respective…

Oil price rise to change Mexican government strategy

Location:

MEXICO

This will be all the more marked given the importance of oil-related revenues to the exchequer and President Andres Manuel Lopez Obrador's (AMLO) apparent determination to keep…

Pemex business plan draws scepticism in Mexico

Location:

MEXICO

It has proven a disappointment, failing to explain how ambitious targets will be met, while confirming the reversal of the oil sector liberalisation enacted by the Pena Nieto…