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/biz/ - Business & Finance

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864988 No.864988 [Reply] [Original]

Hey /biz/, uneducated fuck here.

Can someone explain to me why the mexican peso is devaluing so fucking hard?

>> No.864994

seems racist to just put a chili pepper in the top left corner of the screen there

>> No.864995
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864995

It's all currencies.

The system is collapsing from the outside in, everyone is selling to get their hands on some dollars.

>> No.865000

>>864995
>>864988
happy happening everybody!

>> No.865001

Capital outflows from EM. When you sell peso ccy assets, you basically want back the dollars you used up to buy them in the first place. So demand for dollar is up, so peso devalues.

>> No.865026

oil

>> No.865284

>>864995
More like to get their hands on euros.

>> No.865301

>>864988
They're killers. They're killing us in trade and they're killing us at the border.

>> No.865336

they thought they could sell gm cars to china. gm makes shit in mexico now days. why do i have to keep explaining this shit. chinese currency devaluation means a contraction for any one who sells anything