Mexican Peso Is Losing Weight, Fast

2

29/07/2015 by Don Quijones

On July 1, the Financial Times wondered just how low the Mexican peso could go, likening the ill-fated currency to a limbo dance: “Every month, it gets just that little bit lower.”

In the 20 trading days since, the peso has experienced eight record daily lows, in itself a record, even for Mexico. Not since the peso-dollar floating exchange rate system was established, on December 21, 1994, at Ithe height of Mexico’s Tequila Crisis, has the currency notched up so many new lows in one single month. And there are still three days left to go

Continue reading the article at Wolf Street

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2 thoughts on “Mexican Peso Is Losing Weight, Fast

  1. penniewoodfall says:

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    Mariachi cancion Cielito lindo https://youtu.be/ACc5JG-tVOQ via @YouTube..

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    Lo Siento
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