1.   In order to keep exports competitive and to shore up foreign exchange reserves, the government decided to allow the peso to float freely.

2.   For the past three years, Mexico has let the peso float against the U.S. dollar.

3.   In the narrowest sense, the decision to let the peso float has been a success.

4.   Isolated trading lowered that further amid pressure to let the peso float.

5.   Letting the peso float -- despite government promises to the contrary -- comes as no great surprise.

6.   Mexico never had such a system, and last month, under market pressure, it decided to let the peso float freely.

7.   Now the peso floats with the market, so the government faces a less severe challenge in spending its reserves to defend the currency.

8.   That was the first time the central bank indicated what level it was prepared to take action since it allowed the peso to float freely.

9.   The bank had stayed away to show its determination to let the peso float freely, honoring free-market forces.

10.   The Argentine government originally said the peso would float freely in four to six months.