(Reuters) - The peso came under pressure on Tuesday after ratings
agencies downgraded more than $17 billion in mortgage related
debt in the United States, with Standard & Poor's saying it
expects U.S. home prices to drop 8 percent.
Mexico sends nearly 90 percent of its exports to the United
States, so what is bad for the U.S. economy is bad for Mexico.
Read more at Reuters.com Bonds News
agencies downgraded more than $17 billion in mortgage related
debt in the United States, with Standard & Poor's saying it
expects U.S. home prices to drop 8 percent.
Mexico sends nearly 90 percent of its exports to the United
States, so what is bad for the U.S. economy is bad for Mexico.
Read more at Reuters.com Bonds News
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