(Bloomberg) -- Mexico's peso rose to the highest
against the dollar in almost a month amid a surge in the price of
oil, the biggest source of government revenue.
``Oil has a big effect on the peso,'' said Eduardo Perez,
who helps oversee $5 billion in assets in Mexico City at Grupo
Nacional Provincial SA, the country's biggest insurance company.
``The incoming flows prop up the currency.''
Read more at Bloomberg Emerging Markets News
against the dollar in almost a month amid a surge in the price of
oil, the biggest source of government revenue.
``Oil has a big effect on the peso,'' said Eduardo Perez,
who helps oversee $5 billion in assets in Mexico City at Grupo
Nacional Provincial SA, the country's biggest insurance company.
``The incoming flows prop up the currency.''
Read more at Bloomberg Emerging Markets News
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