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Pimco predicts that Mexico’s peso may rise as much as 20 percent against the dollar next year because it is one of the cheapest in emerging markets and exports to the U.S. are set to grow. Pimco’s call about the peso -- the second-worst performer among the 16 major currencies in the past year after the Taiwanese dollar -- is more bullish than the consensus forecast. Economists predict the peso will rise 3.3 percent to 12.5 per dollar by the end of 2010 from 12.9099 today.
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