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Currency Mexico Latest Information
Top Rand Analysts Diverge From Traders on Worst Currency BUENOS AIRES--(BUSINESS WIRE)--Fitch Ratings has assigned a 'BBB(exp)' rating to Mexico's Comision Federal de Electricidad's (CFE) proposed issuance of USD 750MM in 30-year notes. Proceeds are expected to be used to prepay a portion of the USD 2 billion syndicated term loan agreement and to increase working capital. Fitch currently rates CFE as follows: --Foreign Currency Issuer Default Rating ... Top Rand Analysts Diverge From Traders on Worst Currency’s Drop The most accurate forecasters expect the rand to extend last year’s worst major currency slump, even as options traders are at their most bullish in five months. Foreign Currency Trader Sentenced on Tax Charges An investor in a foreign currency trading fund has been sentenced to five years in prison for evading more than $150,000 in taxes. Canadian Currency Strengthens to Parity for the First Time in Three Months Canada’s dollar rallied to parity with its U.S. counterpart for the first time in almost three months as commodities rose after the Federal Reserve pledged to extend its freeze on U.S. borrowing costs. Mexico town takes a monetary path less traveled Organizers in this verdant hill town in Veracruz state have coaxed a tiny economic experiment on the citizenry: They created an alternative local currency. Click to Continue » Currency All-Time Highs And Lows These four major currencies have seen some wild swings in the floating market since 1990. Your Currency Trade For an Improving Economy Reports on the U.S. economy are improving a bit, and this strategist has a way to play the rosier outlook. Top Rand Analysts Diverge from Traders in Seeing Slide For Worst Currency The most accurate forecasters expect the rand to extend last year’s worst major currency slump, even as options traders are at their most bullish in five months. Mexico Peso Heads to Best Month in 17 Years on Outlook for Interest Rates Mexico’s peso completed its best month in almost three years as the outlook for near-zero interest rates to persist in the U.S. boosted demand for the Latin American country’s higher-yielding assets. |
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