Monday saw Latin America's most traded currency minimally drop in value as a result of careful investors watching the new prime ministers of Italy and Greece to assess how they will handle the sovereign debt scourge, according to Dow Jones Newswires.
Mario Monti of Italy and Lucas Papademos of Greece fill the vacancy created by predecessors who were victimized by an inability to control the sovereign debt scourge. Monti and Papademos are now in positions to more aggressively confront the debt, which is victimizing worldwide monetary units including the Mexican peso.
Mexico City brokerage Interacciones told Dow Jones Newswires that risk appetite is likely to increase, which would benefit the value of the Mexican peso. The outfit also noted initial progress for Greece and Italy was demonstrated in the market yet dangers very clearly remain with the euro zone debt scourge.
The Organization for Economic Cooperation and Development stated the next few months are likely to see the top economies of the world struggle, according to Reuters.
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