Yuan Weakens with the Chinese Economy (USD CNY News)

Stagnation and a weakening currency seem to be the fruit of China's recent economic strategies. While the nation struggles under its post-COVID policies, a lower yuan will also have broader implications on emerging market economies.

It may be a political ploy, but leading presidential candidate Javier Milei has suggested that the country should ditch the peso, eliminate the country's central bank, and use the US currency instead. This contrasts sharply with most countries' attempts to “de-dollarize.”

Recent changes in the global economy have favored Mexico over more distant countries and have led to an increase in trade between the US and its neighbor to the South.