Thursday, November 4, 2010

Weekly Currency Update: Mexican Peso

The Mexican Peso is trading at $12.30 MXN = $1 USD

Events in the Mexican economy:

  • US Fed unveiled a new stimulus plan which helped strengthen the Mexican Peso
  • Mexico's central bank governor, Agustin Carstens, announced he will not rule out cutting interest rates
  • Many Mexican firms came out with strong 3rd quarter results this week

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