Mexico’s Peso Drops this Week

March 3, 2013 by
Categories: Mexico, Peso

Un peso un... pesoMexico’s Peso dropped 0.4 percent this week. But overall in 2013 it has increased 0.7 percent.

The peso drop is apparently due to spending cuts of $85 billion that U.S. Republicans and Democrats are fighting over. The decision affects Mexico because 80 percent of their exports go to the U.S.

Click here to read more at Bloomberg.com...