Mexican peso

5 Stories

As Trump Takes Stage, Mexico's Peso Tanks

Already in freefall, uncertainty causes peso to hit an all-time low

(Newser) - The Mexican peso hit an all-time low against the dollar Wednesday shortly after President-elect Donald Trump took the stage, reports Reuters , falling to 22 pesos on the dollar. The peso was already in freefall, dropping 2% on Tuesday and almost 16% against the dollar since Trump's election victory amid... More »

Iran's Currency in Free Fall; Ahmadinejad Blames US

He cites 'psychological pressures,' but his critics aren't buying it

(Newser) - People holding Iranian rials, including Iranians themselves, can't seem to get rid of them fast enough. The value of the currency has continued its drop , plummeting 40% against the dollar in the last week alone, reports the New York Times . Mahmoud Ahmadinejad blames "psychological pressures" brought on by... More »

Traders Sneeze, Peso Catches Cold—or Flu

Mexico City brokerages suffer under swine flu

(Newser) - Peso trading is taking a hit as Mexico City brokerages, wary of spreading the flu, send home anyone who so much as sneezes, Bloomberg reports. Face masks litter the floor at one brokerage, whose daily trading volume is down 30%, as traders furiously scrub their desks in an attempt to... More »

Mexico Shuts Down to Stem Outbreak

Calderón orders citizens to stay home for 5 days

(Newser) - The Mexican president told citizens to stay home tomorrow through May 5 for a five-day partial shutdown of the country's economy to reduce the risk of spreading swine flu, Reuters reports. In his first televised address since the outbreak, Felipe Calderón said that "there is no safer place... More »

Swine Flu Sends Travel Stocks Falling

Airlines decline while drugmakers advance; Mexican peso tumbles

(Newser) - Stocks declined worldwide today, with travel companies leading losses as investors gave their first reaction to the outbreak of swine flu. Airlines took a pummeling—Lufthansa fell more than 12%, British Airways 8.7%—and tour operators like Carnival also suffered sharp drops. But pharmaceutical companies did well: drugmaker Roche,... More »

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