Showing posts with label peso. Show all posts
Showing posts with label peso. Show all posts

Monday, May 10, 2010

This article by Bloomberg Businessweek, is about the the Mexican peso's recent rapid rise in value. It rose 2.4% to 12.568 pesos per dollar last Friday. This rises came after the governments of the 16 countries that use the Euro loaned as much a 750 million Euros to countries under attack from speculation.

This relates to political and economic change because European nations cause a country's currency to rise in value.