Mexican Peso falls amid weaker demand for nation's securities

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Source: Bloomberg
Mexican currency declined on Wednesday amid speculations that the country's modest growth is slowing demand for the nation's securities as investors  are waiting for result of today's meeting in Congress where Ben Bernanke is holding a speech about stimulus. Mexican Peso dropped 0.3% to 12.3355 per U.S. Dollar as of 4 p.m. local time and it has gained 4.2% this year.

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Wed, 22 May 2013 12:37:04 GMT

Swiss Franc falls to 4-week low against Euro

The Swiss currency slipped on Wednesday falling to the lowest level in four months against the 17-nation bloc currency after the International Monetary Fund said that the nation's real-estate market could be cooled by negative interest rates on banks' excess deposits. The Swiss Franc declined by 0.6% to 1.2529 per Euro and it fell 0.6% to 97.35 centimes per U.S.

Wed, 22 May 2013 14:16:36 GMT

Vietnam is unlikely to cut rates further

The Vietnamese central bank's Deputy Governor said that it is unlikely that the rates will be cut again this year, despite slowing economic activity in the country. He cited possibility of increased inflation as his motivation not to act; however, Vietnam affirms its plan to cut interest rates by 2% each year. After the last cut on May 13, the

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