Peso volatility pulls millennials to currency trading
Interest is incentivising local and international companies to invest in education initiatives to meet budding demand
An escalating trade war between the US and Mexico saw the peso decline to 20.45 – the lowest it had been in a year. It was a reversal of the trend that had seen the currency become the best performer in emerging markets, rising almost 7% against the dollar as early as May.
The sell-off intensified when Mexico retaliated to the 25% tariff on steel and 10% on aluminium imports implemented by US President Donald Trump in an attempt to gain more favourable trade terms for his country. It was clear
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