Weekly Currency Update: Mexican Peso

The Mexican Peso is trading at $12.83 MXN = $1 USD.

Events in the Mexican economy this week:

• Wal Mart de Mexico (WALMEX) same store growth (4.7%) was lower than expected (5.5%)
• Consumer prices fell .03% in June from May
• Mexican Peso bond yields decline
• Hiring in the US increased a rate lower than expected