Mexico peso devaluation stirs mixed U S reactions
Mexico freed the peso from a 12 percent peg, letting it float to find its level. Government officials say the change will lower import costs and spur tourism, though some Americans with Mexican securities fear losses. Tourists from Texas noted limited benefit on this trip, while others doubted tourism gains amid broader anti American sentiment. Prices for American goods remaining high in Mexico City and a shift in exchange rates affected travelers and insurers alike.
MENTIONED IN THIS ARTICLE
Mexico
America
Ednesday
State of the Republic
Luis Behever‘ra
Echeverria
Lynette Herron
Kay Perrone
College Station
Tex
Mexico City
Chicago
Jack Lucchesi
United States
Mexican President denounces migrant rights violations
Mexico President Lala Echeverria condemns flagrant violations against Mexican migrants in the United States. He insists on human dignity regardless of migratory status and cites government investigations into migrant worker deaths and cross border incidents. The speech signals rising concern over five million plus Mexican illegal aliens and tougher border return efforts.
MENTIONED IN THIS ARTICLE
Mexico
City
Lala Echeverria
Vito Mertens
United States
Mexican Congress
Cochisa County Grand Jary
Arizona
George Hannigan
Echeverria
Immigenun
Rvice
Banks halt peso trading in Arizona after Mexico devalues
Arizona banks halted peso trading as merchants faced a crisis mood after Mexico floated the peso. Bankers warned of value swings, with pesos exchanging at varying rates and retailers furling to accept them. Local stores reported mixed policies from 8 to 25 cent levels, while officials anticipated a longer betting period on the peso.
MENTIONED IN THIS ARTICLE
Douglas
Phelps Dodge Mercantile
Hib. Smith
Tate
Smith
Aaronson Bros. Department Store
A.R. Brown
Arizona Bank
Also Mentioned on This Page
U.S
OUR
Automotive
HUSKY
Dre
Passander Tire Guarantir
Eee EN Encoun
Yrae
Pralie
Cord
EXCH
Iacemant
Lave
Allons
Elearncal
Norwalk
E. Alondra Blvd
North Long Beach
Long Beach
Atlantic Ave
Bellflower
Birby Knolls
Los Altos
Los Alto
SUN
Phoenix
Treasury
Mario Ramon Beteta
Nogales
Arthur Duan
Dean
Arona
Snr
Luis Fedeverria
Banco del Mexico
Valley National Bank
Lee Stava
First National Bank of Arizona
Stava
First National Bank
John Keating Ackerly
Ackerly
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