Thursday, September 23, 2010

Weekly Currency Update: Mexican Peso

Today the Mexican peso is trading at $12.64 MXN = $1 USD.

Some events affecting the Mexican economy:

-Mexican Peso hits 5 week high
-Industrial growth in China surged
-The European Union announced that it may grow twice as fast as forecast
-Mexico's jobless rate fell in August
-Crude oil (Mexico's 2nd biggest export) jumped 3.4%
-The US Fed said that it would provide additional support to bolster the US economy (largest importer of Mexican goods)

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