Thursday, August 12, 2010

Weekly Currency Update: Mexican Peso

The Mexican Peso is trading at $12.74 MXN = $ 1 USD.

Besides Mexicana airlines declaring bankruptcy this week, here are some other important events:

  • Mexico's auto production was up in July
  • The US Fed announced it would reinvest funds from maturing bonds in order to keep interest rates low
  • Mexico and Central American countries advanced in their second round of talks to create a free trade agreement
  • Industrial production in Mexico increased 8.4% in June

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