Posts Tagged ‘Mexico Buys Dollars’
  • Mexico buys dollars on the Cheap!
    in Mexico's Economy
    Posted January 27th, 2010 at 2:54 pm
    Mexico's central bank chief, Agustin Carstens, said on Wednesday the country should accumulate more international reserves to protect it from future volatility in the foreign exchange market. Carstens said Mexico's economy was recovering better than policy makers had expected but he was concerned the peso currency could take a hit when the U.S. Federal Reserve eventually starts raising interest rates. Carstens said now was a good time for the bank to buy dollars, and higher reserves could al...
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