Tags: Mexico

Why The Mexican Currency Intervention Failed: Goldman Explains

Following the MXN rough start of the year, which saw the Mexican currency tumble to its lowest level ever, the central bank stepped into the FX market this morning by selling about $1 billion USD spot, hoping to break the destabilizing MXN relentless depreciation trend. According to the central bank market operations manager, the authorities…

Looting, Riots In Mexico Spiral Out Of Control Over 20% Gas Hike; Hundreds Arrested

Four days after the first sporadic protests emerged in Mexico City, following the infamous "gasolinazo", or mandatory 15%-20% increase in Mexican gas prices which went into effect on January 1, the mood across the country has significantly deteriorated, with hundreds of demonstrators blocking highways, snarling traffic, raiding gas stations, jeopardizing critical supplies, and looting stores…

California Farmers Fret Over Labor Shortages As Trump Vows To Deport Their Work Force

Unbeknownst to most Americans, the Central Valley of California is an agricultural powerhouse producing nearly 50% of all fruits and vegetables grown in the United States, including over 90% of popular items like almonds, carrots and table grapes.  But producing all those fruits and vegetables is extremely labor intensive requiring up to nearly 500,000 laborers…

As Trump gears up to take the oval office, vendors are already lining up to get a piece of his massive infrastructure projects, including his "Big, Beautiful, Powerful Border Wall."  Ironically, one of the first vendors to publicly announce their interest in bidding on the border wall is none other than Mexican cement producer, Grupo…