Friday, June 18, 2010

Currency Update: Mexican Peso

The peso is trading at $12.53 MXN = $1 USD today.

Events that affected the peso this week:

  • Stocks in the European Union were up this week, easing worldwide fears
  • The Central Bank of Mexico held rates steady, said that inflation was "benign"
  • Fall in US housing starts
  • Consumers prices fall more than forecast

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