OFW

Peso to Dollar Exchange Rate

Seems to be a lot of reasons for the dollar to rise against the Peso. For one, it doesn’t matter how much money the US Federal Government pours into banks if they wont loan it out. That is the central point of the current problems for the US and the rest of the world. As long as the banks hold on to their money, the dollar will remain strong.

As long as there is shrinkage in the American economy, there will be fewer exports to the US. That’s true for China too. China is predicting an 8% growth rate. I think that is impossible in the current conditions though I wouldn’t be surprised if they manipulate numbers to make it appear there is 8% growth. They can manipulate the numbers all they wish, the exports are going to do poorly when the west has no money to buy.

…Read More [ Dollar Rising to P60 ]