Why does the dollar go up against the Mexican peso when the US Markets fall?
 

I've always been curious as to why. Anyone know?

what are you saying. isnt mexico a third world country

In this case, flight to quality / safety.

You're talking about today? Maybe because of the "Finance Bill" the Senate passed

markets didn't directly influence the currencies lately, its all on emotions. Besides Gold and Oil are still trading in USD.

this is why, same happens to my local corruncy

its cause the gold is traded in us, and thats where the securities go GOLD

You can buy and sell gold in whatever currency you want. :2 cents:

I think what he means is that the price of the market is set / announced in USD. Obviously you can buy it in any currency :)

:2 cents::thumbsup:thumbsup:thumbsup:thumbsup

gold and US$ are considered "safe heavens" so investors will go there when there are stormy waters..

I think it's because of week euro,so dollar raise against all currencies.It is now record value against Kuna,cant remember did i even seen such high value in five years of my webmastering.

actually the Peso is in one of the best moments, ideal to travel to US and better yet to travel to Europe!

The govt is getting us used to the idea Mexico should become the 51 state.....