The Mexican peso faces pressure from both internal and external factors, notably the risk of a 25% tariff on imports due to President-elect Trump's trade policies.
Despite a recent trade surplus of $371 million driven by record exports, the peso remains under pressure, primarily due to falling oil exports and market uncertainty.
Mexico's heavy dependence on the U.S. market, with a 13.9% growth in exports to the U.S., highlights the economy's vulnerability to external shocks and changes in trade policies.
Measures from the Bank of Mexico aimed at normalizing monetary policy are somewhat undermined by ongoing external trade tensions and a tightening of US monetary policy.
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