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Peso falling, some analysts say it�s only the start

 
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notamiss



Joined: 20 Jun 2007
Posts: 908
Location: El 5o pino del la CDMX

PostPosted: Mon Jun 03, 2013 6:22 pm    Post subject: Peso falling, some analysts say it�s only the start Reply with quote

http://www.reuters.com/article/2013/06/03/us-markets-mexico-analysis-idUSBRE9520CC20130603
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Guy Courchesne



Joined: 10 Mar 2003
Posts: 9650
Location: Mexico City

PostPosted: Tue Jun 04, 2013 11:17 pm    Post subject: Reply with quote

Not sure I agree...we saw the peso strengthen just as much in a short span in early May and now fall back to where it was.

The key is the US dollar, not the peso. It is strengthening, not so much that the peso is falling. Just look at other currencies vs the dollar to see.

We'll stay in the 12.5-13.5 range until Christmas says I.
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Prof.Gringo



Joined: 07 Nov 2006
Posts: 2236
Location: Dang Cong San Viet Nam Quang Vinh Muon Nam!

PostPosted: Thu Jun 06, 2013 2:36 am    Post subject: Reply with quote

Hope it falls down to the 18-20 pesos to the dollar range, more tourism dollars and more Mexican exports!
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Guy Courchesne



Joined: 10 Mar 2003
Posts: 9650
Location: Mexico City

PostPosted: Thu Jun 20, 2013 3:16 pm    Post subject: Reply with quote

The peso is taking a beating today...at 13.45 right now.
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Isla Guapa



Joined: 19 Apr 2010
Posts: 1520
Location: Mexico City o sea La Gran Manzana Mexicana

PostPosted: Thu Jun 20, 2013 4:11 pm    Post subject: Reply with quote

Guy Courchesne wrote:
The peso is taking a beating today...at 13.45 right now.

Thanks for the tip. Time to make a sizeable withdrawal from my BOA account from a Santander ATM.
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Guy Courchesne



Joined: 10 Mar 2003
Posts: 9650
Location: Mexico City

PostPosted: Thu Jun 20, 2013 4:33 pm    Post subject: Reply with quote

Isla Guapa wrote:
Guy Courchesne wrote:
The peso is taking a beating today...at 13.45 right now.

Thanks for the tip. Time to make a sizeable withdrawal from my BOA account from a Santander ATM.


Pretty volatile today...the peso started at 12.80, shot up to 13.45 and is edging lower now to 13.33 This is mostly related to actions going on in the US.
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Phil_K



Joined: 25 Jan 2007
Posts: 2041
Location: A World of my Own

PostPosted: Fri Jun 21, 2013 7:40 pm    Post subject: Reply with quote

All good stuff for me; I'm paid in dollars. Keep rising!
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Guy Courchesne



Joined: 10 Mar 2003
Posts: 9650
Location: Mexico City

PostPosted: Sat Jun 22, 2013 1:00 am    Post subject: Reply with quote

Phil_K wrote:
All good stuff for me; I'm paid in dollars. Keep rising!


Me too, but there's a flip side. It catches up in inflation if it rises too high.

Stable at 13.30 today
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