BajaNomad
Not logged in [Login - Register]

Go To Bottom
Printable Version  
Author: Subject: Peso up 2%
Taco de Baja
Super Nomad
****


Avatar


Posts: 1913
Registered: 4-14-2004
Location: Behind the Orange Curtain, CA
Member Is Offline

Mood: Dreamin' of Baja

[*] posted on 7-3-2006 at 09:49 AM
Peso up 2%


Quote:
July 3 (Bloomberg) -- Mexico's currency had its biggest gain in six years after ruling party candidate Felipe Calderon led early presidential returns. Stocks and bonds also surged.

The peso jumped 2 percent to 11.111 pesos to the dollar at 11 a.m. New York time. The gain is the biggest since July 3, 2000, the day after Fox won a landslide vote, ending 71 years of rule by the Institutional Revolutionary Party.

Calderon had 36.45 percent of the vote, based on 96 percent of ballots counted by the electoral institute. Lopez Obrador, a former Mexico City mayor and candidate for the opposition Party of the Democratic Revolution, had 35.4 percent. The two candidates, separated by 392,728 votes, both declared victory in Mexico's closest ever election.

Concern that Lopez Obrador, 52, will challenge the results may make gains in the peso short-lived, said Alonso Cervera, a senior Latin American economist with Credit Suisse in New York.

Lopez Obrador, while saying he would respect the electoral institute's final results, told supporters last night that authorities must respect his victory :o :lol: :O ........

Article
View user's profile
bajalou
Ultra Nomad
*****


Avatar


Posts: 4459
Registered: 3-11-2004
Location: South of the broder
Member Is Offline


[*] posted on 7-3-2006 at 10:05 AM


On my converter that automaticly opens on one of my web pages - yesterday about 11.40 - today 11.08. Will have to see what tomorrow brings. (should have got my pesos yesterday I guess)



No Bad Days

\"Never argue with an idiot. People watching may not be able to tell the difference\"

\"The trouble with doing nothing is - how do I know when I\'m done?\"

Nomad Baja Interactive map

And in the San Felipe area - check out Valle Chico area
View user's profile
Bruce R Leech
Elite Nomad
******


Avatar


Posts: 6796
Registered: 9-20-2004
Location: Ensenada formerly Mulege
Member Is Offline

Mood: A lot cooler than Mulege

[*] posted on 7-3-2006 at 10:08 AM


Banamex Mexico's largest bank opened at 10.93 this morning.



Bruce R Leech
Ensenada

View user's profile

  Go To Top

 






All Content Copyright 1997- Q87 International; All Rights Reserved.
Powered by XMB; XMB Forum Software © 2001-2014 The XMB Group






"If it were lush and rich, one could understand the pull, but it is fierce and hostile and sullen. The stone mountains pile up to the sky and there is little fresh water. But we know we must go back if we live, and we don't know why." - Steinbeck, Log from the Sea of Cortez

 

"People don't care how much you know, until they know how much you care." - Theodore Roosevelt

 

"You can easily judge the character of others by how they treat those who they think can do nothing for them or to them." - Malcolm Forbes

 

"Let others lead small lives, but not you. Let others argue over small things, but not you. Let others cry over small hurts, but not you. Let others leave their future in someone else's hands, but not you." - Jim Rohn

 

"The best way to get the right answer on the internet is not to ask a question; it's to post the wrong answer." - Cunningham's Law







Thank you to Baja Bound Mexico Insurance Services for your long-term support of the BajaNomad.com Forums site.







Emergency Baja Contacts Include:

Desert Hawks; El Rosario-based ambulance transport; Emergency #: (616) 103-0262