International News

Super Currency Appears - Mexican Peso

Author : Bozhou Marine

Update time : 2023-07-12 10:55:01

The Mexican currency has appreciated sharply. The exchange rate of the Mexican peso against the US dollar has risen from 19.5 on the last day of 2022 to 17.12 at the end of the first half of 2023, an increase of 12.3%.
The return of the industrial chain, high levels of remittances and good inflation prospects are the main reasons, are the main reasons.

Inflation in Mexico is on a downward trend, which could put pressure on the Central Bank of Mexico to cut interest rates, benefiting importers, and the impact will permeate throughout Latin America in the second half of this year.

Mexico has very favorable economic factors such as increased overseas demand for Mexican products, increased investment opportunities, and economic integration with the United States.

Another huge boost has been remittances from Mexico, which have reached their highest annual cumulative level since April at nearly $60 billion.

A stronger peso benefits Mexico by reducing inflationary pressures on imported goods, at the expense of exporters.
But greater trade integration with the United States has managed to make up for this loss by boosting the productivity of Mexican firms.

China is Mexico's second largest trading partner, the second largest source of imports and the third largest export destination after the United States and Canada.

WWW.BOZHOU-INT.COM | MARINE LIGHT

Previous : Strike at Canadian West Coast Ports

Next : Pakistan Lifts All Import Restrictions

US President Trump launches new investigation

Feb .27.2025

On 25th Feb, US President Trump has implemented the latest measures that may reshape the global supply chain, ordering the US Department of Commerce to launch a new investigation into possible new tariffs on copper imports to rebuild US copper production.

Trump Imposes Tariffs

Feb .12.2025

US President Trump said on the 9th local time that he will announce on the 10th a 25% tariff on all steel and aluminum imported into the United States.

Mexico Imposes 17-19% Tariffs

Jan .07.2025

The Mexican General Taxation Administration introduced a series of new tariff policies on January 1. The most noteworthy one is the 17% to 19% tariff on small-value goods imported through express delivery companies, and this move may affect popular online

China Will Purchase US Chips with Caution

Dec .04.2024

On December 3, China's four major industry associations collectively issued a statement: they will be cautious in purchasing American chips.