Thursday, August 28, 2008

Ortiz speaks and Mexican Rates Follows.

Mexican Central Bank chief Ortiz reported seeing an "End of Inflation Episode". This dashed all market hopes of further tightening in the region. Yields came off hard and the Currency is at the weakest point of the day 10.2300. Couple those comments with lower crude and we may be in for a pretty big move going into the long weekend.

Good Luck and Good Currency Trading



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