Weekly Currency Update: Mexican Peso

The Mexican peso is trading at $12.33 MXN = $1 USD. 

Some events this week/month that affected the Mexican economy:

• President Calderon said "Mexico is replacing Canada as the second largest exporter to the United States in non-energy products."
• Mexico's Central Bank lowers the inflation forecast for Q4 2010
• Cross border traffic is on the rise

Interesting article in The Economist this week :
Bringing NAFTA back home