Investors flock to the Mexican peso

mexico-flag

Participants in the foreign exchange market have long recognised the risks and potential rewards of investing in emerging market currencies, but the Mexican peso has become an increasingly popular choice for investors seeking to diversify into new currencies in recent months.

The Mexican peso appreciated sharply during the first quarter of 2012 and, while it has retraced some of that path since, remains on a strong footing – USD/MXN was trading at 13.1655 on April 26, having been at 13.98 at the

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