http://www.businessweek.com/ap/financialnews/D96M22S80.htm
The above article is very interesting and is a great example on how the economy is not only affecting the United States but as well as other countries. In this article it talked about how the Mexican peso has weakened as low as 15.4 against the dollar which is extremely low.
For instance as the article states, “in an effort to stop the peso's fall, the central bank auctioned off the foreign reserves at an average rate of 15.37 pesos to the dollar.” We as a society are seeing our economy go through a change that is affecting us everyday. I recommend you to take a few minutes and read this article.
Monday, March 2, 2009
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