The super peso is back. What does that mean for Mexico?
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The peso gained against the dollar in early trading on Friday, hitting its strongest point in 28 months and highlighting recent assertions that the “super peso” is back.
But before Mexico’s currency gets fitted for a cape, it’s worth examining what the peso’s surge means for Mexico.
At 10 a.m. Mexico City time on Friday, the spot exchange rate hit a new yearly low of 16.863 pesos to the US dollar, a gain of 6.5 centavos compared to Thursday’s close of 16.928 pesos.
With the peso on t
But before Mexico’s currency gets fitted for a cape, it’s worth examining what the peso’s surge means for Mexico.
At 10 a.m. Mexico City time on Friday, the spot exchange rate hit a new yearly low of 16.863 pesos to the US dollar, a gain of 6.5 centavos compared to Thursday’s close of 16.928 pesos.
With the peso on t
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