El Financiero en línea
Mexico City, November 17th.- On Mexico's currency exchange market Tuesday, the peso began the week on the right foot against the US dollar, tracking gains on the Mexican Stock Exchange (BMV) and shrugging off mixed economic figures published for the United States.
The approval of Mexico's federal government's 2010 budget proposal didn't have much of an impact on the local market as investors are awaiting news on the bill's influence on the nation's sovereign debt rating.
Standard & Poor's said Tuesday it was not only evaluating Mexico's 2010 bugdet deficit before deciding whether to trim the country's sovereign debt rating, but also studying the nation's fiscal profile and medium-term debt.
After Mexico's market took a day off Monday, the interbank 48-hour spot dollar, to sell, closed Tuesday's session at 13.058 pesos per dollar (ppd), reflecting a marginal gain of one cent, or 0.08 percent, for the Aztec currency.
The Mexican currency has appreciated 0.96 percent to the greenback in the last two sessions. (Information provided by Finsat/GCE)
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