Mexican Peso Climbs on Prospective Foreign Investors
The Mexican peso had another day of advance as commodities rose globally and speculations that foreign investors will purchase the nation’s bonds helped the Latin American currency to extend its rally for another day in
A combination of two distinct factors helped the peso to gain for a fourth day versus the U.S. dollar as the country’s bonds are likely to be included in the Citibank global bond index and the crude oil rose, rising odds that international capital inflows are likely to increase in the Mexican economy, allowing the peso to continue its previous week advance today in currency markets.
USD/MXN traded at 12.86 as of 23:52 GMT from an opening rate of 12.91 this Tuesday.
If you want to comment on the Mexican peso’s recent action or have any questions regarding this currency, please, feel free to reply below.
Earlier News About the Mexican Peso:
- Mexican Peso Falls on Adverse Trading Scenario (2010-02-05)
- Mexican Peso Extends Rally on U.S. Recovery (2010-01-05)
- Mexican Peso Up as Stocks Hit Record High (2009-12-03)
- Mexican Currency Up on Domestic Reports (2009-11-26)
- Mexican Peso Advances on Fitch Ratings Cut (2009-11-24)
