1. Argentine rates are linked to U.S. rates because the pesos is tied to the dollar. 2. Argentine pesos are equal to U.S. dollars. 3. At the same time, the recent rally in copper prices means that the Chilean peso is likely to strengthen this year, boosting returns for foreign investors. 4. A few weeks ago, the peso was again under great pressure and Mexican stocks were weak. 5. A number of years must pass before the peso can be thoroughly trusted. 6. A weaker peso is key, as it makes Columbian products cheaper in foreign markets. 7. A weaker peso is key to helping them, he said, as it makes their products cheaper in foreign markets. 8. But how does introducing the argentino tell the government how much the peso is really worth? 9. But the Confederation of Mexican Workers says that at least two small businesses have been closing each day since the peso was devalued. 10. By Christmas the peso was devalued and the government hovered near bankruptcy. |