The peso has fallen by more than 5 percent against the dollar since the beginning of the year. That's on top of a 20 percent weakening last year. Inflation has surged to a two-year high.
The US announced it will work to shrink trade deficits with Canada and Mexico in talks to renegotiate the 1994 North American Free Trade Agreement (NAFTA). President Donald Trump has called the current deal a "disaster."
The central bank of Mexico has announced Governor Agustin Carstens will step down in mid-2017. The news came as the peso kept being under enormous pressure over Donald Trump's plan to rip up a trade deal.
The US president will on Friday address the World Economic Forum meeting in Davos, where he's rubbing shoulders with the globalists his 'America First' rhetoric has long since railed against.
With Donald Trump in office for about a month now, German companies try to look at the bright side. An interview with Daniel Andrich, Representative of German Industry and Trade in Washington.
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