This characteristic leads investors to see the peso as an attractive vehicle for hedging against an ample set of risks. A second, deeper reason may stem from concerns over the results of the imminent U.S. presidential election and its possible impact on its southern neighbor.
•  Supplemental data on retrenchment notices from the Ministry of Labour and Small and Micro Enterprise Development (MLSMED) suggest that this deterioration in employment might not have extended beyond the first quarter of 2012. These data show that retrenchment notices declined by more than 10 per cent during the first eight months of 2012, from 567 to 503 notices.