Mexican Peso Declines
March 10, 2009 | Leave a Comment
Good news for Mexico-bound travelers, bad news for most Mexican citizens and investors:
The peso, the worst performer among the world’s most-traded currencies in the past six months, will weaken another 15 percent by year-end as the nation’s twin deficits swell, said Rogelio Ramírez de la O, the economist who predicted the 1994 devaluation.
The peso will slide to 18.2 per dollar
[From The News]
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