The Mexican peso was plunging toward a fifth straight week of losses against the U.S. dollar on Friday on the first day of the month after a month the monetary unit would rather forget, published reports indicate. Latin America's most traded currency was impacted by underwhelming economic data released by the U.S., the top trade… Read more.
The Mexican peso fell in value to its lowest value in about four months as a consequence of growing concerns for Greece, the euro zone nation that has received two tranches of emergency bailout aid, Bloomberg reports. The Aegean nation, whose voters this past weekend supported non-austerity parties during elections, is poised to renege on… Read more.
An underwhelming jobs report issued by the U.S. Labor Department on Friday pulled down the value of the Mexican peso against the U.S. dollar, Dow Jones Newswires reports. Despite slow trading during the observation of Good Friday, Latin America's most traded currency fell to its lowest value in two months against the world's reserve currency.… Read more.
Friday saw the Brazilian real advance against the world's reserve currency, propelled by a strong January retail sales report that re-instilled confidence after dismal showings late last year, according to Reuters. But the government overseeing the monetary unit of Latin America's largest economic system is likely to move forward with additional strategies of intervening to… Read more.
The economic system of Mexico will develop no more than 4 percent for both the remainder of this year and 2013, central bank governor Agustin Carstens told journalists on Wednesday. As host of the second-largest economy of Latin America, Mexico will see reduced demand for its exports due to debt issues in its northerly neighbor… Read more.
The Mexican peso notched its biggest climb in one week against the world's reserve currency on Monday, propelled by the parliament of debt-hobbled Greece casting a vote to acquire its second bailout in less than two years, according to Bloomberg. Latin America's most traded currency is considered a higher yielding asset thus is poised to… Read more.
The Mexican peso and the nation's stocks had healthy performances on Thursday amid a brighter outlook for shipping exports to its northerly neighbor, according to published reports. The peso, Latin America's most traded currency, notched a fourth-straight trading session of gains on Thursday against the greenback, Bloomberg reports. The monetary unit gained after the release… Read more.
Tuesday saw Latin America's most traded currency drive to its top price in 30 days as a consequence of a strong debt auction in Spain where investors overlooked downgrades to credit ratings of Spain and eight additional euro zone nations, according to Bloomberg. Given the overhang of last week's Standard & Poor's credit downgrade, the… Read more.
Wednesday saw the Mexican peso slip to the world's reserve currency while worries abounded for the economy of Germany, the euro zone's biggest market, according to Dow Jones Newswires. Stocks also lost value alongside Latin America's most traded currency amid data stating Germany's economy contracted during the fourth quarter of last year. This past November… Read more.
Four days of poor performances by the Mexican peso to the U.S. dollar came to a close on Thursday, according to Bloomberg. Factors pushing the value of the moneypiece of Latin America's second-largest economy include a Spanish bond auction's strong results, which briefly lightened concerns about the sovereign debt crisis attacking euro zone banks and public… Read more.