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This was another record day for the peso and the Bolsa Mexicana (Mexican Stock Market).
The Bolsa Mexicana reached another record high of 33,801 and take a look at the peso in relation to the dollar.
In addition to all this good news, something is happening in the national legislature. Three reforms are waiting for a vote:
1) national 911 service for all emergencies and crime reports
2) crackdown on pirating of music, video and name brand merchandise
3) instead of 1500 municipal police departments, 33 state police departments that handle all calls including traffic accidents, robberies, murders, etc.
Change is in the wind. Don't expect it tomorrow but I suspect it is coming as we can see the good overpowering the evil. A great stock market, a strengthening peso and a crackdown on crime. Let's hope it works.
We both have reason to be happy as the Canadian $ hit par with the USA $ today. It makes my current and your future time in the USA a little cheaper!
ReplyDeleteFirst Quarter Outlook for Real, Argentine and Mexican Peso
ReplyDeleteOur last article reviewed the roller coaster that was 2009 and many of the core themes that influenced FX market pricing and movements throughout the year. Based on further observations our analysis to date indicates that thematic overtones such as liquidity, behavioral unpredictability of the ‘human element’ and over-reaction to basic fundamentals are likely to keep FX market participants firmly entrenched and involved in what could be another dynamic yet unpredictable year ahead.
For full access to free article:
http://www.alternativelatininvestor.com/36/forex/first-quarter-outlook-for-real-argentine-and-mexican-peso.html