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Peso Plummets Amid US Election Uncertainty
The Mexican peso is plummeting due to uncertainty surrounding the US elections and threats of tariffs from the Republican candidate. Experts predict market volatility this week.
Spanish
Spain
PoliticsEconomyUs PoliticsElectionTradeMarkets
CitibanamexReserva FederalCi BancoSupreme Court Of Mexico
Donald TrumpKamala HarrisClaudia SheinbaumJorge Gordillo
- What is causing the Mexican peso to depreciate?
- The Mexican peso is depreciating due to nervousness surrounding the US elections and threats from the Republican candidate to impose tariffs on Mexican exports.
- What are the market expectations for the coming week?
- Experts predict a volatile week for financial markets due to the close US election, potential vote recounts, and the possibility of the Republican candidate contesting the results.
- What other factors are contributing to the market volatility?
- The uncertainty surrounding the US election results, combined with the upcoming Fed decision and a Supreme Court review in Mexico, creates an environment of market volatility.
- What is the overall outlook for the Mexican peso in the near future?
- October has been a difficult month for the Mexican peso, losing 2% against the dollar, and concerns remain about the potential for further losses depending on the US election outcome and other economic factors.
- What are the potential economic impacts of the US election outcome on Mexico?
- Citibanamex analysts warn that both Harris' and Trump's proposed policies have protectionist and fiscally expansionary aspects that could negatively impact Mexican exports.