Thread: Is the Gov't letting the Peso Float? Or is the market catching up?
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Old 08-02-2008, 03:42 PM
Texas Bill Texas Bill is offline
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Default Is the Gov't letting the Peso Float? Or is the market catching up?
Over the last few weeks, I have noticed that the Peso vs the Dollar is inching down/up (??).
A couple of weeksago the rate was around 33/1. Checking today, on FX Converter, I just noticed the rate is 35/1.
Could it be that the Central Bank's manipulation is slipping into a negative mode, or, are market forces finally taking hold and forcing a more realistic exchange rate?
I'm no financier, so will someone please enlighten me.

Texas Bill
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