Euro zone inflation reaches six-year maximum in October
In October, euro zone inflation demonstrated its fastest tempo for almost six years, powered by energy prices…
Big Mexican companies will trim 2017 investment on American concerns
Mexico's leading companies are on the verge of reducing their investment in 2017 because of uncertainty as for the future of trade relations with the USA under the Trump administration, as a leading business association informed on Thursday.
A group including the 50 biggest companies from various sectors of the Mexican economy, the Consejo Mexicano de Negocios told that it would inject up to $31.43 billion in 2017, a sag of 6.2% from the $33.5 billion announced for the previous year.
Donald Trump has already threatened to have the North American Free Trade Agreement dumped if he fails to renegotiate it in favor of the USA, thus casting a pall of doubt over the accord, underpinning much of Mexico's commerce.
The given uncertainty provoked volatility in the peso currency, making some traders cautious.
Rattled by concerns over Trump, Mexico’s currency reached a record minimum versus the greenback in January.
Similar
Weekly Cryptonews
The crypto market experienced huge losses during this week. What are the reasons?
Japanese exports rebound in October
In October, Japan's exports rebounded following dives provoked by a series of natural disasters…
Latest news
Forex today: easing geopolitical tensions
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
Common currency ascends ahead of euro zone data
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
Greenback edges down
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
Deposit with your local payment systems
