Wednesday, August 6, 2008

The U.S. Peso

I can't tell if I like the chart or not as it's possibly too tacky (the pic is from a recent protest in D.C.), but can anything really be too tacky?


Mexico City, (Reuters)

The peso last Friday broke past 10 pesos per dollar for the first time since late 2002 on expectations that Mexico's central bank will further tighten borrowing costs to battle a spike in inflation.

That would further widen the spread between benchmark U.S. and Mexican interest rates and make peso-denominated assets more attractive to investors.