Tuesday, July 23, 2024

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Mexico on sunny side of Latin street

Tuesday, January 21, 2020

Don’t be sad, Brazil. Foreign investors still like you, it’s just that Mexico is a bit more attractive at the moment.

Brazil’s currency, the real, hasn’t held above four to the dollar in a long while. The Mexican peso, however, was nearly 20 to one in 2019, spending most of the year over 19. It’s now 18.73 and its benchmark interest rate is 7.25 percent, reports Forbes.