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Mexico's peso has been rising rapidly vs the USD, more than 9 percent since the beginning of 2010 and a full 3 percent so far this year alone. Some call it the "superpeso" and blame the "hot money" from foreign investors.
But its policy makers are reluctant to intervene.
“We decided many years ago to bet on a free-floating peso,” said finance minister, Ernesto Cordero. “It has given us good results, and we are convinced of this.”
But so far, the strong peso has not damaged exports.
