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Strengthening Peso

by ZihuaRob ⌂ @, Zihuatanejo, México, Friday, July 13, 2018, 09:58 (67 days ago)

If you haven't already, now is a good time to be making deposits on reservations for the upcoming fall/winter vacation season because every indicator suggests the peso will continue regaining strength against the dollar. It's already regained 2 pesos since the elections, and each day it appears Presidente-electo López Obrador is assuaging fears and making stronger alliances among business leaders. His plan of austerity is encouraging in that it should stimulate the economy, increase transparency, and reduce bureaucratic red-tape, thus reducing business costs and stimulating growth. In reunions with governors, business groups and business leaders Presidente-electo López Obrador is finding allies because his proposals look good to them.

Mexican peso resumes rally to hit 10-week high

AMLO’s austerity plan includes 50% pay cut for lawmakers, slashing bureaucracy

Market Liking Mexico's New President Lopez Obrador


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