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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Stocks are approaching records in the first couple of days of Trump's presidency, with more pronounced moves in specific corners of the market this week.

By Samuel Indyk and Kevin Buckland LONDON (Reuters) -European and Asian shares slumped on Monday as investors weighed the implications of Chinese startup DeepSeek's launch of a free open-source artificial intelligence model to rival OpenAI's ChatGPT.

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The Mexican peso tumbled after President Donald Trump vowed to impose stiff tariffs, reigniting fears among traders that the nation will become a target over the next four years. Most Read from Bloomb