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Emerging-market currencies on hold

Posted on 28 June 2012

Emerging-market currencies are mixed, with most continuing to hold steady ahead of a key European Union summit Thursday. The Mexican peso, however, bucked the trend on the back of strong U.S. data. It is trading at 13.6070 pesos per dollar, up 1.13% on the day.
“There is hope [that] politicians from the euro zone, or ECB, Fed or other major central bank could be finding something to prop up the markets,” said Guillaume Salomon, emerging market strategist for Societe Generale………………………………………..Full Article: Source


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