Post Profile

PIMCO: Even The Mexican Peso Is Set To Wallop The Dollar

Pimco's Guillermo Osses believes that currency traders are set to bid up the Mexican peso as much as 20% against the dollar during the next year, right after Mexico just had its credit rating downgraded to BBB by Fitch Ratings. While Mr. Osses appears to be one of the most bullish on the peso, he's not alone. Economists' consensus forecast is for a 3.3% rise against the dollar, according to Bloomberg.
read more


Related Posts

Mexican Peso Another Casualty of Falling Oil Prices; Mexico Announces Intervention to Halt Decline; Bazooka Theory Revisited

Business & Finance / Economics : Mish's Global Economic Trend Analysis

Currencies of commodity exporter and oil producing countries have been under continual attack. The Mexican peso is the latest to feel the heat.Mexican Peso vs. US DollarPeso at Two-Year LowThe Mexican Peso declined from 9.85-Per-US$...


Business & Finance : Business Insider: Clusterstock

PIMCO has seen enough of the federal government's "fiscal theatre" and now says the U.S.'s credit rating will inevitably be slashed, Bloomberg's Tracy Withers reports. “The U.S. will get downgraded, it’s a question of when,” Withers...

The dollar is going crazy right now

Business & Finance : Business Insider: Clusterstock

Traders are piling in to the dollar after long weekends in both the US and the UK. The dollar index rate, which measures the currency against most major peers, is up over 1% today. The currency is posting strong gains against both t...

It's Not Looking Good For Mexico

Business & Finance : Business Insider: Clusterstock

The Mexican peso is tanking and the Banco de Mexico is stepping in to try to contain the damage. The peso has been moderately sliding against the dollar throughout the year, but has really fallen dramatically since the end of Octobe...

Mexico Snaps Six Day Advance, Correlated with Equities

Business & Finance : Business Insider: Money Game

The Mexican peso is losing ground against the dollar today for the first time in seven sessions. The peso's heavier tone is consistent with the generally heavier tone among emerging market currencies today. Concerns about global gro...


Copyright © 2016 Regator, LLC