Reports on the controversial proposal to dollarize the Mexican economy by dropping the peso altogether. Benefits and drawbacks of dollarization; Comparison between the level of inflation in Mexico and the United States from January 1997 to Januar...
It is likely that the currencies in the index will change again, as the index adapts to better represent those countries that the U.S. buys from and sells to most. For example, currencies such as theChinese yuan(CNY) andMexican peso(MXN) may replace others in the index, given the signi...
United States Dollar The United States Dollar Index or DXY measures the performance of the dollar against a basket of other currencies including EUR, JPY, GBP, CAD, CHF and SEK. The EUR is, by far, the largest component of the index, making up 57.6% of the basket followed by JPY (13.6...
The Bloomberg Dollar Spot Index tracks the performance of a basket of leading global currencies versus the U.S. dollar. As of June 28, 2024, those currencies were the euro, Japanese yen, Canadian dollar, British pound sterling, Mexican peso, Chinese renminbi, Swiss franc, Australian dollar, ...
The Mexican peso was 0.33% weaker versus the dollar at 19.972. The Canadian dollar declined 0.3% versus the greenback to 1.38 per dollar and the Chinese yuan fell 0.26% to 7.138 per dollar. In cryptocurrencies, bitcoin fell 1.79% to $67,521.00....
However, Bowman said the day's data wouldn't change the Fed's outlook on near-term inflation but led the market to buy duration in the form of Treasuries and to sell the dollar. The Australian dollar gained 0.97% to 0.6687, while the Mexican peso rose 0.81% to 16.6971 per dolla...
The dollar was last down 0.35 percent, at 106.16. Theeurowas last up 0.46 percent, at $1.2296. TheandMexican pesogained after reports that the White House had dropped a demand related to auto exports in the renegotiation of the North American Free Trade Agreement (NAFTA). ...
Peso depreciation: The Mexican peso depreciated 7.0% against theU.S.dollar year over year, from an average exchange rate of Ps.19.28 perU.S.dollar in the fourth quarter of 2019 to Ps.20.63 perU.S.dollar during the fourth quarter of 2020. At the end of the fourth quar...
In terms of currencies, the study analyses the US dollar, which is assumed to be the reference currency, versus an emerging market currency (the Polish zloty) and a developed market currency (the Swiss franc). In contrast with many studies, which have used short-horizon interest rates, I ...
But Marcos López, capital markets director, said Inditex had suffered from the “particularly negative impact” of the euro’s strength against other currencies, which was compounded by the specific weakness of the Brazilian real and the Mexican peso. ...