Friday, 23 January 2009

Mexico: Check for Trade Numbers Release Today

The Mexican government will release data for the December trade balance today in the afternoon. Exports and imports are falling, although their paces differ. The weakening peso is making import goods costlier, but it is a mystery whether it will help raise export values as global demand wanes. On the other hand, state-run oil company Pemex said this week that Mexico's oil trade balance turned into a deficit.

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