Relatively high interest rates, close proximity to the U.S., and vast petroleum reserves are all factors that contribute to the liquidity of the Mexican peso.
President Donald Trump on Tuesday is announcing investments worth up to $500 billion for infrastructure tied to artificial intelligence by a new partnership formed by OpenAI, Oracle and SoftBank.
Meanwhile, the dollar rose after U.S. President Donald Trump slapped Colombia with retaliatory levies and sanctions for turning away military aircraft carrying deported migrants. U.S. Nasdaq Composite futures tumbled 1.
Experts believe that DeepSeek's emergence suggests that China can continue to make strides in the AI race despite US restrictions
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Colombia's Grupo Argos reported a 221% increase in net profit in 2024, rising to 2.53 trillion pesos ($609 million), the conglomerate announced in a statement on Thursday.
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Markets are in a fairly positive mood, recovering some of the ground lost with the tech shock at the start of the week. Watch out now for Trump's tariffs. European stocks are seen starting positive
The U.S. dollar advanced against the yen on Tuesday amid fresh tariff threats from the Trump administration and as concerns over the emergence of a low-cost Chinese artificial intelligence model faded.
In currencies, the dollar jumped 0.3% against the Chinese yuan in offshore trading, and rallied 0.4% versus the Aussie and 0.5% versus the New Zealand dollar, with the antipodean currencies tending to act as more liquid proxies for China's currency due to close trade ties.