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Friday 22 January 2010

QROPS ADVICE: Investment News: PESO IS WINNING

Mexico's peso is winning over the world's largest foreign-exchange traders as the economic recovery in the neighbouring U.S. boosts the value of one of the cheapest currencies in emerging markets. "The Mexican peso offers the most potential upside in Latin America," said Brett Diment, who manages USD4.6 billion at Aberdeen Asset Management Ltd. in London. "It's massively undervalued. The U.S. economy recovery prospect clearly remains positive, which means Mexico's exports to the U.S. will increase in value."

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