'Mexico’s peso climbed to a six-month high'

Mexico’s peso climbed to a six-month high

05/20/09 22:03

After U.S. banks applied to refund government bailout cash, Mexico's peso climbed to a six month high that adds to speculation that the worst of the financial crisis is over. Mexican fixed income analyst Jaime Asuncion said hat the currency is rising in a more favorable backdrop. In addition to his statement, he forecast that the rise in peso may be short lived. More information on the link below.

Link: Mexico’s Peso Gains to 6-Month High on U.S. Banks’ Refund Offer - Bloomberg.com

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