PDA

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



NewsWhore
03-20-2009, 07:50 PM
<img alt="" height="1" width="1">
Mexico’s Peso Advances After Bigger-Than-Forecast Rate Cut (http://news.google.com/news/url?sa=T&ct=us/8-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601086%26sid%3DaOwsGRq8XvtY%26refer%3Dlatin_america&cid=1317520076&ei=uSzESZ_zH4qegwPAsayEDw&usg=AFQjCNF9yLHkZYJSpsRdZb7dT5AJscYrlw)
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 ...


More... (http://news.google.com/news/url?sa=T&ct=us/8-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601086%26sid%3DaOwsGRq8XvtY%26refer%3Dlatin_america&cid=1317520076&ei=uSzESZ_zH4qegwPAsayEDw&usg=AFQjCNF9yLHkZYJSpsRdZb7dT5AJscYrlw)