CFDs and forex (FX) are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs, FX, or any of our other products work and whether you can afford to take the high risk of losing your money.
Cookie policy
Our websites use cookies to offer you a better browsing experience by enabling, optimising, and analysing site operations, as well as to provide personalised ad content and allow you to connect to social media. By choosing “Accept all” you consent to the use of cookies and the related processing of personal data. Select “Manage consent” to manage your consent preferences. You can change your preferences or retract your consent at any time via the cookie policy page. Please view our cookie policy and our privacy policy.
CFDs and forex (FX) are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider.
CFDs and forex (FX) are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs, FX, or any of our other products work and whether you can afford to take the high risk of losing your money.
Summary: Mexico and the US have a history, and the animosity is enshrined at The Alamo in Texas.
President Trump is doing is best to stoke the embers of smouldering resentment against Mexico in the Lone Star State and the other southern states with his fixation on the US/Mexico border. On March 29, he threatened to close the border the following week. It didn’t happen because according to ABC news, “senior aides talked him out of it.”
The president doesn’t seem too happy with the course of events, and there has been fall-out. The head of Homeland Security and two senior administrators have “stepped down” alongside the head of the Secret Service. Coincidence? For a man who made a name for himself yelling “You're Fired”, not likely.
The US auto industry was happy. Closing the border may slow the pace of illegal immigration, but it would also cripple car production due to a lack of parts. It also helped the Mexican peso. USDMXN surged to 19.4760 in the run-up to the threat and immediately afterwards but recovered to 18.9035 today.
The China/US trade talks must be well on their way to an agreement. That’s because Trump has once again turned his tariff cannon on the European Union. He is threatening €11 billion in tariffs on EU imports including aircraft and olive oil. The Office of the US Trade Representative said that repeated World Trade Organization findings that EU “subsidies to Airbus caused adverse effects to the United States.”
The Mexican border closure and the EU tariff threats have so far just been entertaining distractions for the major G-10 currency traders but not trading factors. They are sidelined ahead of the European Central Bank meeting and the release of the Federal Open Market Committee minutes tomorrow.
The Saxo Bank Group entities each provide execution-only service and access to Analysis permitting a person to view and/or use content available on or via the website. This content is not intended to and does not change or expand on the execution-only service. Such access and use are at all times subject to (i) The Terms of Use; (ii) Full Disclaimer; (iii) The Risk Warning; (iv) the Rules of Engagement and (v) Notices applying to Saxo News & Research and/or its content in addition (where relevant) to the terms governing the use of hyperlinks on the website of a member of the Saxo Bank Group by which access to Saxo News & Research is gained. Such content is therefore provided as no more than information. In particular no advice is intended to be provided or to be relied on as provided nor endorsed by any Saxo Bank Group entity; nor is it to be construed as solicitation or an incentive provided to subscribe for or sell or purchase any financial instrument. All trading or investments you make must be pursuant to your own unprompted and informed self-directed decision. As such no Saxo Bank Group entity will have or be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available on Saxo News & Research or as a result of the use of the Saxo News & Research. Orders given and trades effected are deemed intended to be given or effected for the account of the customer with the Saxo Bank Group entity operating in the jurisdiction in which the customer resides and/or with whom the customer opened and maintains his/her trading account. Saxo News & Research does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of our trading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, would be considered as a marketing communication under relevant laws.