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News: Costa Careyes

Amigos de Careyes, Many greetings from Careyes where the weather is spectacular, as it normaly is all year but specialy throughout May and June. There is a little humidity; the ocean is warmer and the breezes are steady. A few clouds tell of rains coming, hopefully before the end of June, and the dorados are back! Although we did [...]

Tumbling peso makes Mexico a hot destination

By Olga R. Rodriguez, Associated Press Writer MEXICO CITY — It’s got sun, white-sand beaches and better yet — a battered peso. Mexico is counting on its weakened currency against the dollar and its proximity to the U.S. to attract recession-shocked Americans and fuel its tourism industry — a major source of foreign income. [...]

Mexico’s peso hits lowest level against dollar

MEXICO CITY: Mexico’s peso fell to its lowest real level against the dollar and the stock market dropped nearly 6 percent Monday to 21,611.5 as the country’s economy was pulled into the global economic crisis. The Central Bank said the peso’s daily benchmark fixed rate fell to 11.8 per dollar — a sharp drop from [...]

Mexican Peso Sinks to Record Low as Financial Crisis Spreads

By Michael J. Moore Oct. 6 (Bloomberg) — Mexico’s peso plunged to a record low as the global financial crisis deepened, prompting investors to pull money out of higher-yielding, emerging- market assets. The peso dropped 4.7 percent to 11.8050 per dollar at 5 p.m. New York time. The decline is the biggest since October 1997, [...]