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Mexico’s plunging peso: iArriba, arriba!

Posted on 09 December 2011

Dollars and pesos cross the border between America and Mexico in greater numbers than ever. The $400 billion-worth of trade in 2010 made Mexico America’s biggest trading partner after China and Canada. Greenbacks are so common south of the frontier that in some neighbourhoods peso coins are known as cuoras, a mispronunciation of “quarters”.
Lately the relationship between the currencies has been rocky. Between July and November the peso fell by 19% against the dollar, hitting its lowest level since the 2009 financial crisis………………………………………..Full Article: Source


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VRS - who has written 36685 posts on Opalesque Commodities Briefing.


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