Mexico Financial News

Mahendra Kumar Jajoo, Head-Fixed Income, Mirae Asset Investment, says the rupee is currently valued at 87-87.5 which he considers fair value and may reach new lows, aligning with other currencies. Downward pressure is due to selling by foreign institutional investors (FIIs). However, as March approaches, we expect the Reserve Bank to implement measures in its monetary policy to help banks attract more foreign currency deposits, including the FCNR(B) scheme and eased criteria for external commercial borrowing (ECB). Where do you see the rupee headed because it has been weakening further. It touched an all-time low on Wednesday. Mahendra Kumar Jajoo: After the depreciation in the last one month, rupee is now largely in line with the peers in the rest of the global markets. Currencies like Brazilian Real or Mexican Peso have been depreciating by about 15% to 20% in the last one year. Rupee on a year-to-year basis is just down about 5%. So, there was a period in October, November when the rupee was outperforming all the other major currencies and I think that correction has now been done.

The bank said 51% of its 4,233 respondents named inflation and tariffs together as the top potential developments likely to dominate markets this year. Last year, inflation was also a top concern, but only for 27% of the interviewees.

Stephen Miller, White House deputy chief of staff for policy, breaks down President Donald Trump's tariffs on ‘Kudlow.’

Maurice Obstfeld, former Chief Economist at the International Monetary Fund (IMF), teaches at the University of California, Berkeley. Speaking to Srijana Mitra Das, he discusses burgeoning tariffs — and their effects on prosperity:

Sen. Ron Johnson, R-Wis., breaks down how President Donald Trump’s tariff policies are addressing the fentanyl crisis and explains his subpoena for information on the COVID vaccine on ‘The Bottom Line.’

It could be true, as Conrad Black wrote in his latest National Post column, that United States President Donald Trump’s tariff attacks on Canada and Mexico are nothing more than a game. “Trump is just playing poker,” claimed Black. That view of Trump’s tariff strategy seemed briefly plausible late Monday with the news that imposition of the tariffs would be postponed for a month.

Zekelman Industries Chairman and CEO Barry Zekelman breaks down the impact of potential Canada, Mexico tariffs on steel prices.

Rep. Claudia Tenney, R-N.Y., on the impact of President Trump's tariffs, Democrats' effort to keep Elise Stefanik's U.S. House seat open and a bill to protect milk choices for schoolchildren.

Asian stocks rose as traders navigated their way through a US-China trade war and earnings from Wall Street’s big tech companies. Chinese markets were set to reopen on Wednesday. Shares in Australia and Japan rose along with stock futures for Hong Kong. Contracts for US equities edged lower as Google’s parent Alphabet Inc. and Advanced Micro Devices Inc. tumbled in extended trading. US stock indexes had earlier rebounded after a wave of dip-buying with a Bloomberg gauge of the “Magnificent Seven” megacaps advancing 1.7%. Treasury yields edged higher.

US-China trade war made clear that Xi Jinping is taking a more cautious approach than during Donald Trump’s first term.

China announced retaliatory tariffs on select American imports and an antitrust investigation into Google on Tuesday, just minutes after a sweeping levy on Chinese products imposed by U.S. President Donald Trump took effect.

Subscribe to enjoy similar stories. Nifty50, India's benchmark index, closed 378 points higher at 23,739.25 on Tuesday after the US decided to pause the tariffs planned for Mexico and Canada, providing short-term relief from growing trade tensions. Taking cues from global markets, the index started the session with a gap-up opening at 23,509.90 and continued its bullish momentum throughout the day to close near the day’s high.

Foreign investors pumped in nearly Rs 823 crore in the cash market on Tuesday, which is the first time FII flows have been positive in just over a month. StockEdge data shows that FIIs have been net buyers last on January 2. Indian markets have been facing brutal wrath of foreign investors, as they sold over Rs 2 lakh crore in the last four months. In January alone, foreign outflows amounted to Rs 76,551 crore.

Wall Street is mixed in light trading early as anxiety dissipated somewhat after President Donald Trump agreed to a 30-day pause on his tariff threats against Mexico and Canada

Rep. Pat Fallon, R-Texas, discusses how Canada and Mexico caved to President Donald Trump’s tariff pressure on ‘The Bottom Line.’

Johnnie Walker whisky and Corona beer could be caught in the crosshairs of a potential trade war after Trump's move.

China has reiterated it could take “necessary countermeasures" after U.S. President Donald Trump decided to impose a 10% tariff on China for allegedly doing too little to stem the production of precursor chemicals for the drug fentanyl

China has countered President Donald Trump’s tariffs on Chinese products with tariffs of its own on multiple U.S. imports as well as announcing an antitrust investigation into Google and other trade measures

President Donald Trump has taken executive action to impose or threaten new tariffs on imports from Canada, Mexico and China

Bitcoin, the world's largest cryptocurrency by market value, fell to a low of $91,242.89 on Monday morning in Asia. However, it was trading 6.6% lower at $92,991 by 10:35 AM IST. Meanwhile, Ethereum dropped over 20%, returning to levels last seen in early September, last fetching $2,470.