Posted on 09/19/2016 8:28:29 PM PDT by Olog-hai
Economists have long said that when the United States catches a cold, Mexico gets pneumonia. But analysts said Monday that Hillary Clinton’s pneumonia has given Mexico’s peso something worse.
The Mexican currency reached the psychological barrier of 20 pesos per dollar, and analysts and commentators cited the role of the U.S. presidential campaign.
Banamex, one of Mexico’s largest banks, listed the peso at 19.96, and other banks and exchange houses listed it even higher.
A Banco Base analysis said the strength of Republican candidate Donald Trump influenced the peso’s decline. …
(Excerpt) Read more at hosted.ap.org ...
Mexico is paying for the wall... one way or another...
LOL
Big League.
I honestly think hillary will be slaughtered. I want to encourage that when we go to the polls we wear Red for Trump. They cannot stop us!!Please pass this on— RED !!!! It will be campaigning but they can’t stop us!!!
I’ve been riding the USD/MXN long and I’ll exit before the Fed announcement and then enter again before the first debate. It’s dropped 2,000 pips in the last 2 days (with a huge spread, though).
Oh no...mi frejoles....no es bueno...
Free no mas...
Tu sera tener a comprar para el joles ahora.
“Mexico is paying for the wall... one way or another...”’
Heck, they’re already paying for it!
“Pneumonia” cough cough media cough cough cough lies cough cough cough.
Actually, you are correct. This ‘devaluation’ makes dollars sent back to Mexico more valuable. So when Congress and President Trump act to tax remittances to Mexico, Mexicans will still be getting the same number of pesos they have come to expect.
The ‘devaluation’ makes way for the imminent Trump tax on dollars earned by Mexicans working or selling drugs in the USA.
Hillary! gave Mexico something not curable with a shot of penicillin...
I second that. Make sure to wear red and send post pictures of it where you can.
That’s what happens when you get politically “into bed” with Hillary - you get syphillis because “Bill is still dickin bimbos!”
Red it is
Ha, we should address Bill as Strom Thurmond, Jr., but in miniature—where it counts, anyways...
So, when do you think they’ll finally just abandon the peso and adopt dollars? They haven’t had too much luck with the peso over the last 30-40 years.
They may go for either the ren-min-bi or the euro if the Fed’s ravages on our currency keep up.
Hopefully they are raising money to pay for the wall, otherwise it’s going to be more painful once Trump gets in.
Always love headlines that start.....Analyst cite ....
In this case the analyst is Banco Base and so why should their word be worth listening to ?
They are an investment firm that is obviously in the pocket with Hillary insiders.
Bloomberg .... Analysts cite Banco Base as .....
Banco Base, S.A., Institucion de Banca Multiple provides currency exchange and financial services. The company offers money market investments and financial products such as government securities, bank notes, and ...
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