Tuesday, April 3, 2012

Mexican Peso Posts Best Quarter Since ‘93 on U.S. Growth

Mexico's peso posted it's best quarter on record as the currency benefits from an improving outlook for the U.S. economy, the chief destination for the Latin American country's exports.

The peso surged 8.8 percent this quarter to 12.8107 per U.S. dollar as of 3 pm in Mexico City erasing most of last year's 11.4 percent slide and outperforming all other major currencies. The quarterly advance is the most since the government reset the peso in 1993.

Read the full article: http://www.bloomberg.com/news/2012-03-30/mexican-peso-heads-for-best-quarter-since-93-on-u-s-growth.html
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