Brazil, Mexico currencies both rebound but real has more legs than peso

2/2 © Reuters. Mexican peso banknotes are pictured at a currency exchange shop in Ciudad Juarez 2/2 By Jamie McGeever and Abraham Gonzalez BRASILIA/MEXICO CITY (Reuters) – The Brazilian real and Mexican peso have both rebounded strongly in recent weeks, but their rallies are starting to diverge with the peso running out of steam and […]

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Argentine peso risk rises as crises spark black market rush for dollars

© Reuters. FILE PHOTO: Argentine one hundred peso bills are displayed in this picture illustration By Hernan Nessi BUENOS AIRES (Reuters) – Argentina’s peso is in increasingly treacherous waters, with twin economic and debt crises at home driving a huge gap between the official rate kept almost static by capital controls and the tumbling black […]

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Mexican president cautions against using reserves to boost peso

© Reuters. MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador said on Sunday he believes the central bank should be careful with the country’s international reserves, which in his view should not be used to fight the depreciation of the peso currency. “While there’s been instability and depreciation of the currency, I’ve suggested, […]

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Mexico central bank chief flags peso weakness when quizzed on rates

© Reuters. Mexico central bank chief flags peso weakness when quizzed on rates MEXICO CITY (Reuters) – Mexico’s central bank will be mindful of a recent slide in the peso currency when mulling its next interest rate decision, Bank of Mexico Governor Alejandro Diaz de Leon said on Friday. Asked on Mexican radio whether the […]

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