Telecommunications giant America Movil $AMX has recently reported a significant drop in net income for the fourth quarter, despite overall revenue growth. This outcome was largely influenced by currency losses, as explained by the company, which is controlled by the family of Mexican billionaire Carlos Slim.

Following U.S. President Donald Trump's announcement of tariffs on Colombian goods, the Mexican peso has experienced a decline in international trading. This development is noteworthy not only for its implications on U.S.-Colombian relations but also for its broader impact on the currency markets.