1. Although the policy raises interest rates in the short term, in the long term it reduces inflation by strengthening the peso and encouraging foreign investment. 2. But any further tightening of interest rates by the United States would strengthen the peso along with the dollar, further depressing Argentine exports. 3. Earlier this month, the Bank of Mexico reversed its policy of using interest rates to strengthen the peso. 4. Earlier this month, the Bank of Mexico ended its policy of using interest rates to strengthen the peso. 5. For the U.S. economy, the most important question is whether the bailout strengthens the peso. 6. Higher interest rates helped strengthen the peso against the dollar today by making peso-denominated deposits more attractive. 7. Mexican shares closed down for the third day on concern interest rates will have to rise to help strengthen the peso. 8. Mexican stocks climbed after falling U.S. bond yields helped strengthen the peso and eased concern about a possible rise in U.S. interest rates. 9. Mexican stocks climbed after lower U.S. bond yields helped strengthen the peso and eased concern about a possible rise in U.S. interest rates. 10. Philippine exporters are in a quandary as surging foreign investment strengthens the peso and makes their goods less competitive abroad. |