Heard any rumors about Mexico devaluing its currency before the year-end?

Discussion in 'Forex' started by BlueStreek, Jul 29, 2008.

  1. I heard this rumor, looking to verify, as rumor has mexican assets moving to the US Dollar denominated assets in Mexico. Any thoughts on the matter would be greatly appreciated.
     
  2. Sounds plausible, here comes the AMERO.
     
  3. Mexico would want to combine its weak-ass currency with the US, of course.

    But why would the US want to combine with Mexico? Only one possible reason... to cover up some prior evil deed by the US Gummint...
     
  4. Kanzei

    Kanzei

    I guess the millions of jobs that flew to Mexico after NAFTA wasn't a big enough wealth grab, they have to have more.

    I can tell you this much, there won't be a North American Union or Amero unless the suffering is much worse here in the United States.
     
  5. Daal

    Daal

    the peso has been killing the dollar for years
     
  6. Kanzei, that could be right around the corner!
     
  7. Not exactly true... sure, over the last 3 years the Peso has gone up about 8% vs. USD (plus the fact that our politicians are lying, thieving, spendthrift ignoramous's)... that's just technical noise..., but doesn't Mexico have a long history of periodically devaluing their currency?
     
  8. Could very well be, if oil prices stay weak.