By Anujeet Sareen, CFA
As investors navigate the tactical skirmishes of President Trump's strategic battle on global trade, it's worth taking a step back to observe how different countries are responding to changes in currency and interest rate values. And on this basis, Mexico's external performance has been impressive.
Through the second quarter of 2019, Mexico generated a current account surplus of 1.0% of gross domestic product ((GDP)), its largest surplus in 30 years!
The goods trade balance is the highest since the Tequila Crisis in the mid-1990s; although Mexico's energy balance has deteriorated in