The Mexican peso is displaying way more endurance with Trump’s election the second time round. Maybe that is as a result of Trump’s rhetoric the primary time did not end in any large adjustments, or maybe it is as a result of Mexico has already pledged to work on the border and medicines. There’s actually a future the place Mexico retains privileged entry to the US whereas Trump fights tariff wars elsewhere.
In any case, S&P had this to say in the present day:
- Affirms BBB international foreign money bonds and BBB+ for long-currency bonds, secure outlook
- Says Mexico is prone to be pragmatic in negotiations with US
- Steady outlook displays expectations of prudent financial coverage and a return to low fiscal deficits
This text was written by Adam Button at www.forexlive.com.
Source link
