Exchanging U.S. dollars to pesos
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David
joec
Intercasa
E-raq
RoofBob
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Re: Exchanging U.S. dollars to pesos
David wrote:PPT?
Pejorative Posting Trauma
slainte39- Share Holder
- Posts : 9348
Join date : 2010-07-22
Re: Exchanging U.S. dollars to pesos
The plunge protection team.
read all about it here:
http://en.wikipedia.org/wiki/Plunge_Protection_Team#Plunge_Protection_Team
read all about it here:
http://en.wikipedia.org/wiki/Plunge_Protection_Team#Plunge_Protection_Team
E-raq- Share Holder
- Posts : 1998
Join date : 2012-05-27
Re: Exchanging U.S. dollars to pesos
slainte39 wrote:
Then what is the truth?
While I don't know the "why" of it, the Peso moves in sync with the DOW. Remember, the Peso is a free market currency and not controlled by the Mexican Gov't. They'll sell $US (they have many) when the Peso is deemed to have weakened too much but the impact is minimal.
David- Share Holder
- Posts : 5003
Join date : 2010-04-05
Location : Ajijic
Humor : Good
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