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US dollar/Mexican Peso


Floradude

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No hope in sight for the slide to stop.

$20 a bbl oil on the horizon?
Oil dropped below $30 a bbl ... due to just 95 million bbls per day consumed and 96.5 million bbls a day being pumped

... plus the Iranians plan to start pumping an additional 1 million bbls a day by next summer with the impending lifting of sanctions

... plus the Iranians plan to use the upcoming thaw of $150 billion of their previously frozen assets to fix their broken oil-infrastructure, to add yet another 1 million bbls of new oil by late this year from fixing their broken infrastructure

... plus the Iranians plan to ADD yet another 1 million bbls of oil a day in 2-3 years by increasing capacity with their thawed $150 billion ...

just how will Mexican oil revenues recover ?
.

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and if the Saudi's go through with an IPO of Aramco ... giving them a massive infusion of possibly $6 TRILLION ,,,

just how far will the MXN peso continue to drop ?

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No hope in sight for the slide to stop.

$20 a bbl oil on the horizon?

Oil dropped below $30 a bbl ... due to just 95 million bbls per day consumed and 96.5 million bbls a day being pumped

... plus the Iranians plan to start pumping an additional 1 million bbls a day by next summer with the impending lifting of sanctions

... plus the Iranians plan to use the upcoming thaw of $150 billion of their previously frozen assets to fix their broken oil-infrastructure, to add yet another 1 million bbls of new oil by late this year from fixing their broken infrastructure

... plus the Iranians plan to ADD yet another 1 million bbls of oil a day in 2-3 years by increasing capacity with their thawed $150 billion ...

just how will Mexican oil revenues recover ?

.

.

and if the Saudi's go through with an IPO of Aramco ... giving them a massive infusion of possibly $6 TRILLION ,,,

just how far will the MXN peso continue to drop ?

I would say: How far will the US dollar continue to rise?

The US currency affects Canada, Europe and the rest of the world. It's not Mexico's currency that is dropping, it's the US currency that is strong. A different perspective.

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I would say: How far will the US dollar continue to rise?

The US currency affects Canada, Europe and the rest of the world. It's not Mexico's currency that is dropping, it's the US currency that is strong. A different perspective.

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The idea that the MXN peso & Canadian Loonie are not falling sounds cool, due to supposed 'US Dollar strength', as continually repeated by the CBS, NBC, et al's talking heads.

but the last 12 months of stable Yen vs USDollar exchange rates and 12 months of fairly stable Euro vs USD exchange rates show that the US Dollar really has NOT been getting stronger overall.

The MXN peso and the Loonie have fallen at least 33% in value at exactly the same 14 months that oil prices have fallen from $93 a bbl down to under $30 a bbl.

http://www.nasdaq.com/markets/crude-oil.aspx?timeframe=2y

If the USD really was 'getting stronger' , then why has it's value stayed pretty flat over the last 12 months vs the Yen & Euro ?

http://www.xe.com/currencycharts/?from=USD&to=EUR&view=2Y

Europe has been struggling, as France, Spain, and Italy's serious economic problems continue + various crises in Greece + plus the huge expensive African-Syrian migration problems continue to drag heavily on the Euro?

The Japanese economy has been slipping and sliding, yet over the last 14 months, the USD has NOT gained on the Yen at all.

http://www.xe.com/currencycharts/?from=USD&to=JPY&view=2Y#

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.

The idea that the MXN peso & Canadian Loonie are not falling sounds cool, due to supposed as continually repeated by the CBS, NBC, et al's talking heads.

Talk about "talking heads",haha,el burro hablando de orejas..
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Talk about "talking heads",haha,el burro hablando de orejas..

.

Better to be the burro's ears ... than the burro's rear.

As predicted, the MXN peso just dropped another 2% today ... falling by 0.4 in just one day, as the Iranians announced today that they will be quickly increasing oil production by 500,000 barrels a day.

S&P 500 and NASDAQ tumble another 2%, today, on the news of Iran's increased oil production.

The US stock exchanges have fallen from 17,700 down to 16,000 ~ an 11% loss ~ in just 3 weeks as oil prices tumble.

Americans expats (retirees?) with retirement accounts and other Americans have seen $2.3 Trillion dollar losses in savings ...

http://www.usatoday.com/story/money/markets/2016/01/15/gone-stocks-rob-15t-investors-year/78845082/

just in 2016 ... as oil and the MXN peso continue to slide.

or should we just ignore it all ... bury our heads in the sand ... and resort to personal insults ? ;)

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A bright side for Mexico is the huge amount of remittances coming from the US in dollars now buys a whole lot more pesos for the recipients. A couple of years ago I read an astounding statistic: After oil revenues, remittances from abroad were the second leading component of the Mexican economy, ahead of tourism, manufacturing and mining. That may or may not still be true.

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.

The idea that the MXN peso & Canadian Loonie are not falling sounds cool, due to supposed 'US Dollar strength', as continually repeated by the CBS, NBC, et al's talking heads.

but the last 12 months of stable Yen vs USDollar exchange rates and 12 months of fairly stable Euro vs USD exchange rates show that the US Dollar really has NOT been getting stronger overall.

The MXN peso and the Loonie have fallen at least 33% in value at exactly the same 14 months that oil prices have fallen from $93 a bbl down to under $30 a bbl.

http://www.nasdaq.com/markets/crude-oil.aspx?timeframe=2y

If the USD really was 'getting stronger' , then why has it's value stayed pretty flat over the last 12 months vs the Yen & Euro ?

http://www.xe.com/currencycharts/?from=USD&to=EUR&view=2Y

Europe has been struggling, as France, Spain, and Italy's serious economic problems continue + various crises in Greece + plus the huge expensive African-Syrian migration problems continue to drag heavily on the Euro?

The Japanese economy has been slipping and sliding, yet over the last 14 months, the USD has NOT gained on the Yen at all.

http://www.xe.com/currencycharts/?from=USD&to=JPY&view=2Y#

I follow many currencies daily due to by work. What i have seen, anecdotally, is the canaddian Dollar and Australian Dollar (AUS took a huge hit last year) seam to be pegged. The USD and the EUR also, 1 dollar = .92 euros for over a year. Yenn I don't follow but from what you say it seams to be the same. My guess is that countries are pegging their exchange rate to other in order to prevent a free fall. Not sure how legal or wise that is, but it seams very obvious to me that is what it happening.

Costs for business in mexico are going up drastically because of the dollar, though prices so far have not gone up, at last not nearly by what the costs to businesses have.

Interesting with the regime change in Argentina they are no longer manipulating their currency and let the free market decide. No more black market (dollar Blue) and Argentina is back open for business. Lets just hope this helps them pay their debt the K's left behind.

My opinion if you have USD, travel internationally NOW!!!

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