Saturday, 3 March 2012

Mexican Peso to US Dollar outlook 2012

forex trading outlook today - Mexican Peso to US Dollar outlook 2012 : The Mexican peso gained sharply on Wednesday after U.S. economic growth data for the fourth quarter was revised upward, calming fears of a slowdown in 2012.

The peso firmed 0.69 percent to 12.7550 per dollar and is on track to advance more than 2 percent this month. The currency was also helped by an injection of more than half a trillion euros in an effort to stabilize the euro zone financial system.

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