Thursday, July 8, 2010

Weekly Currency Update: Mexican Peso

The Mexican Peso is trading at $12.83 MXN = $1 USD.

Events in the Mexican economy this week:

  • Wal Mart de Mexico (WALMEX) same store growth (4.7%) was lower than expected (5.5%)
  • Consumer prices fell .03% in June from May
  • Mexican Peso bond yields decline
  • Hiring in the US increased a rate lower than expected

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