Pesos And Pork BelliesGeri Smith and Greg Burns
Soon, pork bellies, live cattle, and such won't be the only volatile commodities trading on the Chicago Mercantile Exchange. On Apr. 25, Merc pit traders are expected to start shouting out orders for Mexican pesos again. Reviving a peso futures market is just one of many measures being taken that could restore some stability to the battered peso, which has lost half its value since it was first devalued last December. The volatility has wreaked havoc on Mexican trade and investment.
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