Pablo Soria

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Pablo Soria de Lachica – Summarizes the Recent Rise of the Mexican Peso

The aggressive monetary policy of the Bank of Mexico – raising benchmark interest rate to an 8 year high of 6.75% in May – has driven the peso to its top mark of 18.3345 on July 6 against the U.S. dollar. Pablo Soria de Lachica, world renowned broker, discusses the recent hike. As the North American Free Trade Agreement remained unchanged, the peso tore up the ranks becoming the world’s best performing major currency this year, and reestablished its 20% downtrend for USD/MXN. “The peso has had good momentum relative to other emerging currencies in recent months, and that could continue for some time longer,” said Morgan Harting, chief portfolio manager for all multi-asset income strategies at AllianceBernstein, a renowned asset management company, “And though it is no longer cheap, it also does not look expensive in terms of purchasing…


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Pablo Soria de Lachica – On Mexico’s Improving Business Confidence

The Mexican economy has been weathering significant fluctuations over the last several years. A great deal of financial uncertainty in the country followed the election of United States presidential elections in late 2016, contributing to a downturn that carried over into 2017. However, it now appears the nation’s economic climate is on the rebound for the long term. International businessman and foreign exchange expert Pablo Soria de Lachica highlights the factors behind the upward swing, and discusses the improving Business Confidence of the Mexican economy, which includes the retaining of current trade agreements, corporate investments, and lowering inflation rates.   The first quarter of 2017 signaled a decline for Mexico monetarily, with Business Confidence hitting a low mark of 43.53 in February — a stark contrast to September of 2016 when it reached 48.30. Since then, positive overtones from the…


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Pablo Soria de Lachica – Discusses Ways Mexico is Set-Up for Innovation

With the 13th largest economy in the world (11th in terms of purchasing power and 10th most populous), Mexico sits abreast of the largest and most competitive international economic markets of our times. In 2017, the Mexican economy defied lackluster predictions for financial health by posting above average GDP growth, demonstrating resilience in the face of unpopular and aggressive foreign policy tactics from the US Trump Administration to the North. While much of this success was linked to trade—Mexico holds 11 free trade agreements with 46 countries with a total value of imports/exports estimated around 73 percent of Gross Domestic Product, market analyst Pablo Soria de Lachica explains that structural reforms by the current administration have led to a freer private sector, open to dynamic business formations characterized by innovation and technology-driven enterprises. The Mexican government has steadily increased expenditures…


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Pablo Soria de Lachica On Mexico’s Leading Bank Facing Competition

BBVA Bancomer, the largest bank in Mexico in terms of assets held, is facing renewed competition from both its larger rivals and more “middle-sized” challengers. Banco del Bajío launched an IPO (Initial Public Offering) last month that many experts believe will be the first of many such enticements from smaller banks as the country’s bigger financial institutions continue to deal with other obstacles. Pablo Soria de Lachica, a foreign exchange specialist based in Mexico City, says that despite ongoing political uncertainties and slower-than-estimated annual economic growth, Mexico remains an enticing location for investors. Pablo Soria de Lachica claims that one of Mexico’s most apparent weaknesses may in fact be one of its greatest strengths when it comes to investing. The Mexican peso, though weaker than several other currencies such as the dollar or the euro, allows buyers to take advantage…


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Pablo Soria de Lachica Explains Mexico’s Start-up Boom

In Latin America, Mexico is experiencing a major move toward flourishing new businesses in technology, communications and other industries. Recent developments in innovation are bringing additional interest south of the border. Some of the cause for the emerging market continuing to invite a large number of new corporations can be attributed to generational and cultural shift from conventional financial and corporate practices. Pablo Soria de Lachica describes the reasons and potential results, as well as what expectations are for the coming year and into the future. Mexico is fast becoming the leader in Latin America, as a growing hub for the tech-industry. Last year more than $1 billion in investments bringing more than 70 new start-ups began changing the face of corporate culture in the country. For the first time in recorded history, they surpassed everywhere else in Latin America…


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Pablo Soria de Lachica Discusses the Steady Growth of Mexico’s Economy in Q1

Following the U.S. elections of 2016, the topic of Mexico has been front and center for the newly elected White House administration, revealing considerable uncertainty with respect to crafting concise policies. During his election campaign, U.S President Donald Trump promised to renegotiate the terms of the North American Free Trade Agreement and to reinforce an import tax on Mexican goods, all the while criticizing U.S. companies for shifting production to Mexico and posturing about building a border wall. Inevitably, fear of Mr. Trump’s trade restrictions and economic policies affected investment and consumer sentiments in Mexico, sending the peso to its weakest level on record against the U.S. dollar in January 2017. Pablo Soria de Lachica, acclaimed expert in international trade and foreign exchange, analyzes the steady growth of Mexico’s economy in the first quarter of 2017, despite the low expectations…


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Pablo Soria de Lachica Explains The Growth in Mexico’s Auto Parts Sector

As the automotive industry in Mexico marks more than 100 years of growth, it is now ranked as the world’s sixth biggest auto parts producer and is experiencing peak investment levels as in recent years major players like Toyota, BMW, Mazda, Audi and Honda have joined the ranks of General Motors, Ford, Chrysler, Volkswagen, Nissan, Fiat and others (a total of over 40 companies producing more than 400 models and associated parts lines) with major production centres established throughout the country. Forbes magazine estimates that production has more than doubled since 2010, with over $19 billion in investment flooding into the country in a period of five years. Automotive News reports that in the first quarter of 2017, the Mexican auto industry is breaking records with production up 17% and exports ahead by 14%. Financial markets and forex specialist Pablo…


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Pablo Soria de Lachica Summarizes the Future of Mexican Oil Pipelines

Since 2013 Mexico has been undergoing wide-ranging energy reforms to revitalize oil production and boost local economies. These have resulted in increased shares in the power sector, a decrease in reliance on imports, and the creation of a solid foundation for robust economic growth in the coming years. Today, the nation continues to place emphasis on expanding and improving its energy infrastructure. International businessman and foreign exchange expert Pablo Soria de Lachica recently discussed what to expect for the future of oil pipelines and production in the country. One project, the South Texas-Tuxpan pipeline, is a $3.1 billion underwater endeavor that is expected to increase oil capacity by 2.6 billion cubic feet per day. Upon completion, it will become Mexico’s first subsea pipeline and will greatly improve the country’s ability to export to the southern United States, which is experiencing…


Pablo Soria de Lachica Atribuye la Incertidumbre de la Economía Global a la Victoria de Trump

La elección de Donald Trump a la presidencia de Estados Unidos crea nuevas incertidumbres en la economía global en un tiempo donde el mismo crecimiento ya es frágil y mercados extranjeros están reaccionando. Debido al temor por el método comercial protector prometido por Trump y a sus políticas de “América-primero”, el día siguiente de la elección el índice Nikkei en Japón cayó más de 900 puntos, la bolsa de valores Filipina se hundió a su mínimo en 7 meses y billones se perdieron en el Intercambio de Seguridades Australianas. El experto en divisas, Pablo Soria de Lachica, trata estas consecuencias tempranas a las políticas propuestas y el impacto a largo plazo que tendrán sus acciones en las economías fuera de Estados Unidos. Posterior a una campaña marcada por su ardiente retórica anti-foránea, promesas radicales y posiciones cambiantes en temas claves,…


Pablo Soria de Lachica Discusses The Effects of a Trump Economy on Global Economics

The global view from the desk of Pablo Soria del Lachica indicates the global response to President-Elect Donald Trump’s economic policies holds a cautionary trading tale with powerful implications. President-Elect Trump’s protectionist agenda suggests dismantling the Trans-Pacific Partnership trade agreement, or TPP, likely to be accompanied by the unintended potential to initiate trade wars, depress global trade, and spark global recession. If the Trump administration chooses to impose increased tariffs on imports from China and Mexico, a 0.5 percent reduction in U.S. GDP could result, according to a Nov. 13, 2016 Business Insider article quoting Barclays chief US economist Michael Gapen. That reduction could go as high as a full percent, according to chief Citi economist Willem Buiter. Prices of goods in the US would likely rise, since parts for many items are manufactured overseas. Destroying the TPP agreement after…