social and political chaos in Mexico

What Happens to Their Economy When Mexico Runs Out of Foreign Currency Reserves?

Mexico is struggling to keep their currency from falling too far and too fast. The problem is that buying pesos with dollar reserves is not helping and it is eating up their currency reserves. Bloomberg says Mexico needs new peso-saving tools.
Mexico’s central bank, struggling to lift the peso from its record lows, is getting backed into a corner after spending $2 billion last week with little effect.
Recent dollar sales aren’t helping boost the currency, foreign reserves are faltering and economists expect policy makers to raise interest rates again in February after five hikes last year. While some analysts say Mexico […]

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