Is it Fiesta Time or Siesta Time for Mexico's Peso? Kelley Holland - CNBC
go to original March 16, 2013

Investors dive into the peso. The peso jumps after S&P upgrades the Mexican credit outlook to positive from stable. Profiting from a popping peso, with CNBC's Amanda Drury and the Money In Motion traders. (CNBC)

The Mexican peso has been on a tear lately, having just hit a nineteen-month high thanks to a well-received announcement of economic reforms and Mexico's tendency to trade in tandem with U.S. stocks.

But can the fiesta continue?

"I do like" the peso, says Andrew Busch, and not just because of the recent news. Mexico imports almost a third of its natural gas from the U.S., Busch says, and "that's really good because they're getting cheap natural gas in a steady supply." That helps the manufacturing sector and boosts its global competitiveness, he told CNBC's Amanda Drury.

Read the whole story at CNBC

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