Friday, October 29, 2010

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

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