Dollar is now dropping with respect to MX Peso!

[DBoon]

As discussed on the LA Times Blog site http://latimesblogs.latimes.com/money_co/2008/07/its-good-to-be.html:

Buttressed by rising interest rates and a surprisingly strong economy, the peso has been surging against the dollar in the last few weeks, continuing a run-up that began early in the year.

The official market rate -- meaning for large transactions at banks -- had the peso at 10.005 to the dollar this morning, down from 10.07 on Tuesday, according to Bloomberg data. Last August the dollar still was worth more than 11 pesos.

The last time the dollar bought fewer than 10 pesos was in October 2002.

Note this chart:

http://newsvote.bbc.co.uk/nol/shared/fds/hi/business/market_data/chart?style=bbc-big_thin-line&ins=77.X:SUSDMXN&from=2007-07-24%2018%3A48%3A10&to=2008-07-24%2018%3A48%3A10&src=historic&plot=value

And there was a prior DU discussion last Feb....
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x2938390

So the Mexican economy is now better managed than the US economy?