FX Update: Mexican Peso & G-7 Meeting
Mexican Peso
The Mexico Peso is recently up .0020 to 14.1986. The peso was trading at 11 on September 30, 2008.
Mexican Finance Minister Agustin Carstens said on Friday that the central bank will continue intervening if necessary to maintain order in the market.
The peso's three month volatility is at 25, six month volatility is at 26.
G-7 Meeting
The G-7 meeting in Rome Friday and Saturday is expected to provide insight into the economic policies of President Barack Obama and his Treasury secretary Timothy Geithner.
The G-7 members are the U.S., Canada, Japan, German, France, the U.K., and Italy.
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