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View Full Version : Mexico’s Peso Advances After Bigger-Than-Forecast Rate Cut - Bloomberg



NewsWhore
03-20-2009, 05:40 PM
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Mexico’s Peso Advances After Bigger-Than-Forecast Rate Cut (http://news.google.com/news/url?sa=T&ct=us/0-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601086%26sid%3Dalg.Ri0.8kAU%26refer%3Dlatin_america&cid=0&ei=QA7ESer4CZDYQebimfkM&usg=AFQjCNGGKI0PMoRfvGyBl3aHn2vMCP4DnA)
Bloomberg
“The peso had a knee-jerk reaction after the unexpected size of the cut,” said Mark Chandler, head of currency strategy at Brown Brothers Harriman in New York. “Last time they surprised with a lower-than-expected cut, and this time it’s the other way ...


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