Peso faces highest trading rate

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Source: Bloomberg
Today Mexican Peso reached seven-week record high versus US Dollar of 13.3568 per USD. Such rapid appreciation occurred when Enrique Pena Nieto announced his victory in presidential elections. Expectation of accelerating economic growth and bigger private investment took place. Moreover Peso was one of the best performers during the first half of 2012 with a total rise equal to 4.3%
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Mon, 02 Jul 2012 15:23:33 GMT

FTSE 100 higher as Agius resigns

British FTSE 100 traded higher on Monday as Barclays rebounded from Friday's slump and data showed UK manufacturing PMI climbed to 48.6 instead of predicted 46.6. Barclays rallied 3.4% as its chairman Marcus Agius resigned after the lender was charged USD 455 million for manipulating interest rates. Other financials also appreciated with SBC Holdings adding 0.9% and Standard Chartered soaring

Mon, 02 Jul 2012 14:50:33 GMT

Recovering of the Rupiah and accelerating inflation

By the end of June Indonesian Rupiah managed to overcome its worst quarter for the last three years with a decline of 2.9%. The Rupiah climbed by 0.3% today in Jakarta and currently is trading at 9,400 per USD. However inflation advanced on surging food prices and reached 4.15% in May. Indonesia's export fell to 8.6% in May whereas

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