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Mexican Peso Suffers from QE Tampering Speculations

November 5, 2013 at 17:09 by Vladimir Vyun

A heap of 100-peso billsThe Mexican peso fell today as talks about quantitative easing tampering from the Federal Reserve persisted, driving Forex traders away from riskier currencies to safer ones.

Institute for Supply Management services index for the United States showed an increase from 54.4 percent to 55.4 percent in October instead of the expected drop to 54.2 percent. The report reinforced the outlook for QE tampering in the near future. Analysts explained that such data is positive for the Mexican economy in the long term, but in the shorter term will weaken the peso.

USD/MXN jumped 1.12 percent to 13.1413 as of 17:08 GMT today.

If you have any questions, comments, or opinions regarding the Mexican Peso, feel free to post them using the commentary form below.

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