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The Mexican peso fell against the U.S. dollar on Monday after voters in the second-largest Latin American economy overwhelmingly voted in favor of a far-left candidate as its new president. The peso pulled back 0.6 percent versus the dollar, erasing slight gains seen on Sunday, to trade at 20.032. Andres Manuel Lopez Obrador, better known by his initials AMLO, received more than 50 percent of the vote in an election held Sunday. His two closest rivals only got about 23 percent and 15 percent of the vote respectively. His victory, however, could lead to tougher negotiations between Mexico, the U.S....

Art of the Deal? The Mexican Peso has had a brutal year. The closer Trump got to winning, and the more likely his victory seemed, the further it’s value fell. In fact, immediately after Trump’s victory, Mexico’s currency plummeted a staggering 11%. The country’s currency hit a new record low as votes were being tallied, suffering an 11% drop. By early Wednesday morning, the peso regained some ground but it was still down more than 9%.

The peso is tumbling after Mexico's president, Enrique Peña Nieto, says he won't meet with US president Donald Trump. The peso is down by 1.2% at 21.3175 per dollar as of 11:57 a.m. ET. The currency was up as much as 0.8% at 20.9358 per dollar around 8:50 a.m. ET. "This morning we have informed the White House that I will not attend the meeting scheduled for next Tuesday with the @POTUS," Peña Nieto tweeted , according to an online translation. This follows Trump's earlier tweet on Thursday morning: "The U.S. has a 60 billion dollar trade deficit with Mexico....

Global investors are fleeing Mexico's financial markets, sending the peso to record lows on mounting concerns that Donald Trump's trade policy could end the country's privileged status among developing countries. The peso tumbled 2% on Tuesday to another all-time low against the dollar, frustrating Mexican central-bank efforts to slow the currency's decline. Bank officials said Tuesday that they spent $2 billion last week to prop up the peso, which has weakened nearly 16% against the dollar since the U.S. election.

The Mexican peso is getting clobbered after Donald Trump's stunning victory in the U.S. presidential election. The country's currency hit a new record low as votes were being tallied, suffering a drop of 11%. By early Wednesday morning, the peso had regained some ground, but it was still trading 8% lower. Mexico's central bank will hold a joint press conference with the country's finance ministry on Wednesday morning...

An upswing in Donald Trump’s poll numbers appears to be squeezing Mexico’s currency with a week to go before the election. On Tuesday morning, Mexico’s peso was selling on average at 19.45 per dollar in banks. Mexico’s central bank says the peso’s interbank rate closed at 18.90 the day before. The currency has been roughed up in 2016, losing nearly 10 percent of its value. …

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. …

Link only due to copyright rules. See graph and details at link below. Peso is declining as Trump gains and Hillary declines.

Round two of the economic crime of the century has begun. On January 12, Lawrence Summers, President Obama's designee to become director of his National Economic Council, sent a letter to congressional majority and minority leaders seeking the second half of the $750 billion approved by Congress last October.   Citing Obama's economic speech of January 8, Summers wrote: "As the President-elect recently stated, 'we start 2009 in the midst of a crisis unlike any other we have seen in our lifetime.'" As you no doubt recall, last September Congress, fearing the wrath of constituents, rejected a bailout scheme put together...

The Argentine Boom…And Why It’s Killing The Peso By Bill Bonner 10/13/10 Buenos Aires, Argentina – “This country is in a boom,” said the editor of a financial magazine in Buenos Aires. “Everything is going up. Everything is selling. And inflation is roaring at 25% per annum.” To hear him tell it, Argentina is everything America wishes to be. Its people shop. Its restaurants are full. Its economy is growing at more than 8% a year. Why? “Inflation. Everyone wants to get rid of cash. You hold onto it and it’s worth less and less. So you buy an apartment.”...

The Waco, Texas Ross Dress store has been accepting pesos in payment for merchandise. WACO (July 28, 2010)--The Waco Ross Dress for Less Store has been accepting pesos in payment for clothes, accessories, decorations and more and customers' reactions are mixed. Some said Wednesday they’re concerned the dollar could be devalued if the practice spreads to other businesses. Customer Amy Silva told News 10, "I think we need to stand up and say, 'Stop this.' This is America, and we have an American dollar." Sharen Underwood says she feels if the practice catches on, the negative effects could be far...

THE general manager of the Chilean mint has been sacked after thousands of coins were issued with the name of the country spelt wrongly. The 50-peso coins - worth about 6p - were issued in 2008, but no-one noticed the mistake until late last year, the BBC reported. Instead of C-H-I-L-E, the coins had C-H-I-I-E stamped on them. The coins have since become collectors' items and the mint says it has no plans to take them out of circulation.

Troubles in Mexcio are brewing. Rogelio Ramirez de la O, the economist Bloomberg cites as having predicted the 1994 peso devaluation, says the national currency will weaken another 16 per cent by year-end as the nation’s twin deficits swell. According to the news agency the peso has now declined more against the dollar than any of the 16 most-traded currencies, with South Korea’s won the next-worst performer. Given Mexico’s dependence on oil revenues and US remittances, economic troubles should perhaps not come as that much of a surprise. Nevertheless, it was only on Monday that the country revised its growth...

MEXICO CITY: The amount of dollars sent home by Mexicans living abroad jumped 13 percent in October as a weaker peso gave the greenback more buying power, Mexico's central bank said Monday. October remittances swelled to $2.4 billion, up from $2.2 billion for the same month in 2007, the Banco de Mexico reported. The peso dropped to record lows in October, briefly trading at 14 to the dollar as investors shed developing world assets and fled to the relative safety of the U.S. currency. A stronger dollar means dollars sent home buy much more in Mexico. It's a wage hike...

After more than a decade of stability, the Mexican peso has slid more than 15 percent in value against the U.S. dollar this week, a run that has ominous implications for San Antonio and South Texas. Peso trading closed Wednesday at 12.32 pesos to $1. The peso momentarily plunged Wednesday to 14.29 pesos to $1, a 27 percent fall from Friday's close. A devalued peso means Mexican shoppers will have reduced purchasing power when shopping in San Antonio and in Texas border cities. Texas exports to Mexico will be more expensive for Mexicans to buy. The Mexican currency is a...

Experts expect rise in retail sales due to exchange rates The dollar is steadily losing favor as the preferred currency in the world, but there could be a silver lining to the greenback’s decline. While a weak dollar is certain to have implications on the broader U.S. economy, the Rio Grande Valley is more directly impacted by the relative strength of the Mexican peso against the dollar. The peso has enjoyed a period of relative stability over the last several years, hovering around 11 pesos to the dollar, which is good news for Valley retailers. They count on Mexican shoppers...

A decade-long trend of peso depreciation against the U.S. dollar has come to a halt...Now, some analysts are forecasting that in the fourth quarter of 2007 the peso will break out of the trading range and gain on the dollar. The consensus forecast is that the dollar will buy only 11.081 pesos, down from third quarter's 11.091...

AP news story, 7/15/2007 Texas became the first state in which stores announced they would accept Mexican pesos as legal tender. The above is a legitimate headline from today's news. Just republished, after the Association of American Illegals suppressed the book, is THE OFFICIAL SECRET HANDBOOK FOR ILLEGAL IMMIGRANTS. Just as www.conservativehumor.net published the first ever article on demanding that Christmas be banned as a national holiday, certified by an historian, all available on "archives" on site, back in 1994, the HANDBOOK forsaw what would happen to pesos in the United States. About a dozen free sample pages begin here:...

SOME UPTIGHT Americans are going loco over the peso. In fact, it's a real food fight. Pizza Patron, a Dallas-based pizza chain, is accepting pesos at its 59 stores in Texas, Colorado, Arizona, California and Nevada. The gimmick is aimed at the company's clientele, which is 60 percent Latino. The company has received thousands of angry e-mails and even death threats. The thinking was that folks might find themselves with a loose peso or two after trips to Mexico. So why not trade pesos for pizza? That sounds like capitalism. Everyone wants Latinos' dinero. According to marketing experts, Fortune 500...

DENVER -- A pizza chain has been hit with death threats and hate mail after offering to accept Mexican pesos, becoming another flashpoint in the nation's debate over immigrants. "This is the United States of America, not the United States of Mexico," one e-mail read. "Quit catering to the damn illegal Mexicans," demanded another. Dallas-based Pizza Patron said it was not trying to inject itself into a larger political debate about illegal immigration when it posted signs this week saying "Aceptamos pesos" -- or "We accept pesos" -- at its 59 stores across Texas, Colorado, Arizona, Nevada and California. Pizza...