The Mexican peso jumped today to the highest level since October as the nation’s central bank refrained from cutting interest rates as high consumer prices hurt country’s economic growth.
Mexican Peso MXN
Detailed information and fundamental factors
Central Bank: Bank of Mexico
Interest Rate: 4.50%
Public Debt to GDP Ratio, 2010: 36.9%
Trade Balance, 2010: -$3 bln.
Inflation, 2010: 4.2%
Supporting Factors
High-yielding interest rates
weak
Factors of Weakness
High-risk emerging economy
medium
Mexican Peso News Archive
Mexican Peso Highest Since October as Rates Remain Unchanged
January 20th, 2012 at 18:14
Mexican Peso
Mexican Peso Climbs to Monthly High
January 17th, 2012 at 15:58
Mexican Peso
The Mexican peso reached today the highest level in more than a month as Forex market participants ignored rating downgrades by Standard & Poor’s, supporting demand for currencies of emerging economies.
Mexican Central Bank Plans to Support Peso
November 30th, 2011 at 0:37
Mexican Peso
The Mexican peso advanced today as the nation’s central bank pledged to support the currency in case it would decline too much.
Mexican Peso Down for Second Week
November 12th, 2011 at 4:29
Mexican Peso
The Mexican peso posted the second week of losses after the report that Interior Minister Jose Francisco Blake Mora died in an accident.
Mexican Peso Little Changed After Yesterday’s Decline
January 26th, 2011 at 12:05
Mexican Peso
The Mexican peso was little changed today after it dropped yesterday on the speculation that the government will intervene to weaken the currency.
Mexican Peso Declines as Interest Rates Remain Unchanged
January 24th, 2011 at 12:43
Mexican Peso
The Mexican peso slightly dropped today as the central bank kept the interest rates unchanged for the record stretch of time and suggested that that it may keep the rates at the present levels even longer.
Mexico’s Peso Rises on Crude Oil & US Stocks
September 13th, 2010 at 11:28
Mexican Peso
The Mexican peso strengthened against the US dollar today for the fourth day as crude oil gained and the US equities went up, making Mexico’s peso the best performing currency of Latin America.
Mexican Peso Fluctuates on Growth Concern & Favorable Outlook
July 13th, 2010 at 10:23
Mexican Peso
The Mexican peso fluctuated today, following the yesterday’s decline, amid the speculations that the import in China diminishes, increasing the concerns that the global economy might falter.
Mexican Peso Weakens on Bad News From U.S.
July 02nd, 2010 at 10:39
Mexican Peso
The Mexican peso weakened today, falling against the dollar for the whole week, after the reports showed that the index of the pending home sales in the U.S. fell and the jobless claims unexpectedly increased.
Mexican Peso Rises as Consumer Prices Slow
June 10th, 2010 at 12:08
Mexican Peso
The Mexican peso gained today for a third straight day against the U.S. dollar as the crude oil prices rose and on the expectation that the central bank won’t rise the interest rates after the consumer prices fell more than predicted.