http://blogs.wsj.com/economics/2013...-bank-slashes-rates-ending-years-of-inaction/ What do you think this means for their currency? There seems to be conflicting views, as usual..
Most countries are trying to debase their currency to stimulate economic activity. On the one hand, that's a lousy thing to do to the citizens of your country. On the other hand... and with the US trying to do the same thing... the $USD is not yet crashing through the floor and bankrupting American citizens.... "not yet" perhaps the key phrase.
It was my initial response that the peso would drop. However, it ended for the day on a several week high.