The Mexican peso is one of the world's strongest currencies. That's bad news for citizens who rely on dollars.

If the trend of peso appreciation continues, it is possible that the dollar could trade below 15 pesos per dollar by the end of the year.

According to Palombo, consumers in cities like Tijuana are seeing the price of meat, poultry and fish, especially salmon, being more expensive than just a month ago.

Argentina should abandon the peso and adopt the US dollar as its local currency to get inflation under control, according to the Cato Institute.

THE PESO jumped to an over one-month high against the dollar on Monday as weak US jobs data boosted hopes of a rate cut by ...