Thursday, August 5, 2010

Weekly Currency Update: Mexican Peso

Today the Mexican Peso is trading at $12.52 MXN = $ 1 USD.

Events this week affecting the Mexican economy:

  • US employment data (more jobs added in July) lifted the peso to a five week high
  • US stocks were up, causing peso to strengthen
  • According to Hacienda, 559,700 new jobs have been created in Mexico in 2010, over 60% of them permanent

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