Friday, September 10, 2010

Currency Update: Mexican Peso

The Mexican Peso is finishing off the week at $12.95 MXN to $1 USD.

Some important news/events that affected the Mexican economy this week:

Mexico consumer prices rose .28 percent in August
Obama spoke out and said Mexico's drug war is not comparable to Colombia in the 80s
"La Barbie" was captured last week, which inspires confidence in Calderon's battle against the narcos
Mexico continues to draw manufacturing contracts away from China
Both auto output and exports were up in August compared to last year

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