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Efforts to ease the depreciation of the peso.
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DOI: 10.1108/OXAN-DB201524
ISSN: 2633-304X
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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…
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DOI: 10.1108/OXAN-DB274207
ISSN: 2633-304X
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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…
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DOI: 10.1108/OXAN-DB221002
ISSN: 2633-304X
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The administration’s continuous attacks against certain private-sector interests, domestic and foreign, have also rattled investors, seemingly contributing to increased capital…
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DOI: 10.1108/OXAN-DB272652
ISSN: 2633-304X
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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…
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DOI: 10.1108/OXAN-DB225342
ISSN: 2633-304X
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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…
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DOI: 10.1108/OXAN-DB279205
ISSN: 2633-304X
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It contains the federal budget and revenue legislation, as well as key macroeconomic domestic and international assumptions and projections, several of which look highly…
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DOI: 10.1108/OXAN-DB264317
ISSN: 2633-304X
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AMLO announced the project would be mothballed on October 29, following an ad hoc public consultation carried out between October 25 and 28. The new administration will instead…
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DOI: 10.1108/OXAN-DB239806
ISSN: 2633-304X
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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…
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DOI: 10.1108/OXAN-DB218351
ISSN: 2633-304X
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AMLO initially nominated Arturo Herrera for the role in June, replacing him as finance minister with Rogelio Ramirez de la O. Incumbent Governor Alejandro Diaz de Leon will stand…