Market Currents
The bull run in the Mexican peso is over, write Bernard and Cignarella, as the country posts a...
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Friday, November 30, 2012, 1:11 PM ETThe bull run in the Mexican peso is over, write Bernard and Cignarella, as the country posts a Y/Y tripling in the trade deficit in October. The gap comes as the economy slows - Y/Y GDP growth of 3.3% in Q3 vs. an average 4.5% pace for the year. The Bank of Mexico today left rates unchanged at 4.5%, but backed off previous threats of an imminent rate hike. EWW +26.5% YTD,
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