Weekly Currency Update: Mexican Peso

Today the Mexican Peso is trading at $12.38 MXN = $1 USD.

Interesting/important news in the Mexican economy this week:

• Yesterday the Secretaria de Hacienda (head of Mexico's Tax Authority), said Mexico will see 4.8% economic growth in 2010 (it contracted 6.5% in 2009)
• Mexico's retail sales rose more than expected in August (4.4 % vs. 3.5% forecast)
• Mexican stocks almost ended on a record high yesterday
• Mexico's consumer confidence index climbed in September

An article you might enjoy:

In defiance of ceaseless violence, Mexico's economy flourishing