Ciudad Juarez looking forward to a lower rate of exchange that rekindles investment
Ciudad Juarez, Chihuahua.- The outcome of elections in Greece, where the conservative party, which favors bailout and remaining in Euro zone, mean that the world has dodged out the worst scenario, and therefore this week the US Dollar/Mexican Peso rate of exchange could go down, according to Alejandro Sandoval Murillo, Vice-president, Committees, with the Mexican Financial Officers Institute, Instituto Mexicano de Ejecutivos de Finanzas (IMEF).
Mr. Sandoval Murillo said that depending on the actions taken by the Greek Government to solve their fiscal problems, global uncertainty might start vanishing off, which would attract investment to Ciudad Juarez again.
He further said that, for the time being, more confidence in stock markets is expected from investors this week, for they will gradually leave the shelter in US Dollars they had resorted to and go back to buy securities and debt again.
Source: El Diario | Date: 19/06/2012