Is it the time to go long Mexican peso
bonds or forwards?
As far as the Mexican peso
is concerned, the strong exposure to the US is highly supportive at a time when the US economy is gaining upward momentum," says Childe-Freeman.
We are proceeding in the wrong direction, and the recent devaluation of the Mexican peso
will just hasten the increase in a U.
While the Mexican peso
crisis has raised legitimate questions about Mexican economic policies before and during the events of December 1994 and January 1995, its propagation through international financial markets has also pointed to broader questions about the international institutional and financial environment.
Unaudited (In Mexican pesos
, except otherwise indicated)
Continuing economic and financial problems in Mexico, which resulted in further depreciation on balance of the Mexican peso
against the dollar, also seemed to add to negative sentiment toward the dollar because the process of adjustment in the Mexican economy to the lower value of the peso was viewed as implying reduced imports from and increased exports to the United States.
volatility: The Mexican peso
Summary: Check out our fundamental and technical outlook on emerging market currencies, including the Mexican peso
(MXN), Turkish lira (TRY), South African rand.
At the time, Argentine businesses were still reeling from the impact the Mexican peso
crisis had on consumer spending.
It adopted a complex exchange rate regime through which the Mexican peso
was linked to the U.
87, mainly due to the foreign exchange loss resulting from the depreciation of the Mexican peso
against the U.
dollars equivalent to the applicable Mexican peso
price in accordance with the offer documents based on the U.