Thursday, June 24, 2010

Weekly Currency Update: Mexican Peso

The Mexican Peso is trading today at $12.71 MXN = $1 USD.

This week's important economic events:

  • Declining sales of US homes sparks fears that recovery in the US (and subsequently Mexico) could be slower than expected
  • China relaxed the Yuan's fixed rate
  • Mexican stocks end higher, led by America Movil and Bimbo
  • Recovery in Mexico bank lending supposed to see double digit growth in 2010

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