Mexico’s President Andres Manuel Lopez Obrador pledged on Sunday that his government will roll out measures to fight the economic impact of the coronavirus outbreak but he warned the stimulus plan would call for massive borrowing. Mr. President said over the weekend that he will put forward an “unorthodox” plan and would try to do “all that is possible” to prevent Mexico from piling on debt. USD/MXN reaction The Mexican Peso remains thwarted by the fresh slump in oil prices, as the economic stimulus plan fails to offer any respite to the local currency. USD/MXN, currently, trades at 25.25, up 1.18% on the day, heading towards a record high reached two-week ago at 25.44. WTI downed 10% at Asia open as OPEC+ meeting pushed backed FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Japan’s LDP Chief Kishida: Govt close to finalising the economic relief package FX Street 2 years Mexico’s President Andres Manuel Lopez Obrador pledged on Sunday that his government will roll out measures to fight the economic impact of the coronavirus outbreak but he warned the stimulus plan would call for massive borrowing. Mr. President said over the weekend that he will put forward an “unorthodox” plan and would try to do “all that is possible” to prevent Mexico from piling on debt. USD/MXN reaction The Mexican Peso remains thwarted by the fresh slump in oil prices, as the economic stimulus plan fails to offer any respite to the local currency. USD/MXN, currently, trades at 25.25, up… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
