On Wednesday, the Mexican Peso fell 0.9% against the US Dollar, due to the dropping of bonds after a sustained rally on heavy foreign direct investment. Analysts have been watching with unease as foreign investors accumulate record numbers of peso bonds. Mexico also broke a six-month streak of trade surpluses in July, when they posted an unexpectedly high trade deficit, but inflation was unexpectedly tame in the beginning of August as a decline in agricultural prices stopped the predicted rise in the cost of consumer goods.
Read it here at the Wall Street Journal.
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