Peso pressure
MARKET VOICE
An end to equity market turmoil and a rise in US economic growth should be on the Mexican peso’s wish list if it is to move back towards the 9.00 per dollar level, says Craig Larimer, MD, international research group, Banc One Capital Markets in Chicago
The Mexican peso has travelled between 9.00 and 10.00 pesos to the dollar since early 1999, after a period of rapid depreciation following the Asian, Russian and Brazilian financial events. During the subsequent period that range defined trading
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