Mexican Peso Up as Stocks Hit Record High

Posted on Wednesday, December 9th, 2009 and is filed under Forex School. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

TheMexican currency had awinning performance versus several important currencies asstocks rallied onspeculations that theLatin American economy will recover faster than other emergent markets.
After Mexican equities touched thehighest level intwo years, thepeso found support toadvance considerably versus anumber ofcurrencies after Mexico’s rating was raised by
, adding confidence that theLatin American nation is onasolid recovery path.
USD/MXN traded at12.82 asof22:01 GMT from anopening rate of12.85 this Wednesday.
If you want tocomment ontheMexican peso’s recent action orhave any questions regarding this currency, please, feel free toreply below.
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