One Peso Blog November Archive

Mexican peso rise after US gov't saves Citigroup

11/24/08 23:24

After the US government announced that it will rescue Citigroup Inc. from its bad assets, the Mexican peso rose in value mainly due to speculations that will greatly stabilize the US economy and fueled the demand for emerging-market assets.

More details about this rise in value of the Mexican peso here at Bloomberg.com

Link: Bloomberg.com: Latin America

Chilean Peso Down

Chilean Stocks and Peso continues to fall as global markets worsen. Froilan Romero and Lisa Yulkowski (Reuters) - said that the Chilean blue chips stocks .IPSA closed down 3% last Thursday and with the peso lower.

Almost all of their markets have negative remarks so investors are out to buy the dollars that they sold in the last two sessions. More details on the link below.

Link: Chile stocks, peso fall with global markets | Industries | Energy | Reuters

Philippine inflation eases, peso value improves

The Philippine government announced that, as expected, inflation in the Philippines eased after prices of oil and food dropped considerably.

The demand for oil is also putting less pressure on the greenback, allowing the Philippine peso to regain some of its lost value. It broke the 47-level again before ending up in the 48-level when the market closed. More details about this here at Inquirer.Net

Link: Business - Inflation eases; peso strengthens - INQUIRER.net