Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
The Mexican peso has experienced a significant decline, extending its losses in Asian trading and plummeting as much as 5.4% against the U.S. dollar. The USD/MXN exchange rate surged to 20.2181, the highest level since September. This depreciation marks the third consecutive day of decline for the peso, driven by traders unwinding emerging market carry trades and concerns over a potential U.S. recession. The peso also plunged to almost 19.50/$. Meanwhile, the yen has pushed higher, contrasting with the peso's slump.
Mexico’s peso is taking the brunt of an unwinding in carry trade positions in Latin America, slumping to the lowest in almost two years https://t.co/fJhwYwm8je
The yen pushed higher Monday, while the Mexican peso’s slump extended as traders continued to unwind emerging market carry trades https://t.co/44eNanYQEW At the end of a long bull market, the sloppy trades get killed first.
🔵 MEXICAN PESO LEADS GLOBAL CURRENCY LOSSES ON US RECESSION FEARS Full Story → https://t.co/j137U6ooqn The depreciation of Mexico's peso extended into its third day on Monday, leading declines in global currencies against the U.S. dollar on concerns the U.S. economy could be… https://t.co/OEpKgXFVhQ
