Peso faces highest trading rate

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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