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Mexico peso at "relatively competitive" level - Carstens
January 28, 2013 / 6:06 PM / 5 years ago

Mexico peso at "relatively competitive" level - Carstens

MEXICO CITY, Jan 28 (Reuters) - Mexico’s peso is trading at reasonably competitive levels, Central Bank Governor Agustin Carstens said on Monday.

“If one takes a view since 2008, the peso is at a relatively competitive level,” Carstens said.

The peso has weakened about 1.5 percent from a 10 month high since the central bank signaled earlier this month it could move to cut rates. The peso is still weaker now than it was before the global financial crisis.

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