Connect with us

Markets

Mexican peso leads Latam currencies gains in 2013

The Mexican peso outperformed its Latin American peers in 2013 as investors anticipated the region's second-largest economy will benefit from key structural reforms

Avatar

Published

on

The Mexican peso outperformed its Latin American peers in 2013 as investors anticipated the region’s second-largest economy will benefit from key structural reforms at home and a steady economic recovery in the United States, its top trading partner.

Even as other Latin American currencies weakened about 10 percent so far this year, the peso on Monday was on track to close the year with losses of only 1.6 percent.By contrast, the Brazilian real slid over 13 percent in 2013 as worry about the deterioration of Brazil’s economic fundamentals amplified the negative impact of the US Federal Reserve’s decision to start cutting back on stimulus.

Anxiety about the timing of the Fed’s move was the largest drag on Latin American currencies this year. With the US central bank poised to start winding down its $85 billion-a-month bond-buying program by an initial $10 billion in January, market attention has shifted to the pace of future stimulus cuts.

With less dollar liquidity in global markets and US Treasuries yields expected to rise, investors will likely differentiate between improving and deteriorating emerging market economies next year, analysts say.

Read more from the original source:
Mexico peso shines among Latam currencies in 2013

Comments

Forex

Leverage from Forex Brokers & How Beginners Can Benefit from It

In this post, we will tell you what to look for when choosing a broker in order not to fall into a financial trap and how to benefit from dealing with such companies.

Pr News

Published

on

By

Recent statistics show that the number of people willing to invest in the stock market is steadily growing from year to year.

(more…)
Continue Reading

Forex

How to Trade the EUR/USD Currency Pair: Professional Tips

The behaviour of the EUR/USD pair is a kind of indicator showing the comparative condition of the US and EU economies. If the US economy steadily grows, and problems arise in the EU, the EUR/USD decreases.

Pr News

Published

on

By

EUR/USD is one of the most popular currency pairs for Forex trading. Since the beginning of trading in 1999, the currency pair has undergone significant changes. For the first two years, the future for the euro was uncertain and the quotation was declining, reaching a minimum of 0.8200.

(more…)
Continue Reading

Markets

Thailand remains ASEAN’s largest Exporter of Vegetables

Currently, the kingdom has FTA agreements with 17 countries, 13 of which no longer levy import duties on Thai vegetables, including China, Hong Kong, Australia, New Zealand, Japan, Chile, Peru and 6 countries in ASEAN.

National News Bureau of Thailand

Published

on

Thailand has FTA agreements with 17 countries, 13 of which no longer levy import duties on Thai vegetables.

LAMPANG (NNT) – Despite economic stagnation and border closures, due to COVID-19, Thailand remains ASEAN’s largest exporter of fresh refrigerated vegetables, while being 14th in the world.

(more…)
Continue Reading

Latest

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 13,625 other subscribers

Trending